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JANUARY 19, 2023
Meyerson on TAP
Employers Contemplate Life Without Noncompetes
Businesses ponder ways to keep their workers other than compulsion; seek
legal counsel.
According to a story
<[link removed]>
in yesterday's
**Wall Street Journal**, the announcement from the FTC that it's
proposing to ban noncompete clauses in employment contracts has
apparently compelled employers to rethink how to keep their workers from
going to the competition or opting to start up a shop of their own.
"It's changing the environment that employers have been comfortable
with in the last number of years," one attorney who, the
**Journal** said, "advises companies on employment matters" told the
paper.
It's knotty questions like these that send CEOs scurrying to find the
keenest legal counsel, never mind the stratospheric fees. Summarizing
the approach beginning to emerge from the white-shoe firms, the
**Journal** reports that the following body of thought is starting to
gel: "Limitations on the clauses will compel employers to get more
creative about how they retain talent, using everything from pay to
career advancement to keep workers engaged and loyal." In the words of
one such counselor whom the
**Journal** interviewed, "If you want to motivate people and have them
happy to stay, you have to look at compensation, the overall
environment, how you treat them."
Raises! Promotions! Heating in wintertime! Towels in the restrooms!
Who knew?
~ HAROLD MEYERSON
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Green Capital Feuds With Local Lenders Over National Climate Bank
<[link removed]>
Former FCC Chairman Reed Hundt says $20 billion of IRA funds should
capitalize his group's proposed national bank. Local lenders are
skeptical. BY LEE HARRIS
How the Federal Reserve Protects the Top One Percent
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Our central bank operates by and for the financial elite. BY GERALD
EPSTEIN & AARON MEDLIN
The Immigration Case Backlog Continues to Grow
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As President Biden continues the policies of his predecessor on the
border, the way out of the crisis lies in unclogging a system still
bursting with cases. BY JAROD FACUNDO
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