Society The Joseph R Biden Show

[Deleted member 1]

Company info should be protected of course, but people need to be able to make a living.

That's capitalism.

Barrier to entry and friction in the marketplace is the main driver of decreased wages.
We have solved a lot of this friction by increasing internet access allowing various jobs to be set up in cities that wouldn't normally be able to support them. We have enhanced education and skills training through the same sort of technology. We have larger job websites so that employees and employers can find each other easier. But there are a few things artificially in our current system that need to be addressed to remove friction such that workers can find good jobs and jobs can find good workers.

One of those is the healthcare question. If leaving your job means losing your health care for some period of time you are now stuck in your job for a reason completely unrelated to your skills offered to that company or the next one. You get a better pay offer but can't take the chance on the jump. Same idea for starting small businesses. We should be enhancing the ability for anybody to start a business if they wish. But good luck doing that and figuring out the healthcare question. It's a huge drag on entrepreneurial efforts.
I see non-competes in the same vein.

only if they have something you value more than your IP.

an NDA is only worth what you can get from the person who signs it.

Same with a noncompete.

 

[Filthy]

it goes back to what I said about NDAs and what you can get out of the signatory.

Most employers would spend far more litigating a no-compete than the value they would get from holding someone out of the competitive market. If they REALLY don't want you to compete, they'll pay you to sit out. It's cheaper and more enforceable.

 

[Freeloading Rusty]

It’s really a multi faceted discussion. One scenario does not equal the end all be all scenario. What if I buy a liquor store and there’s no non compete agreement. The seller can take the money and open up a liquor store across the street from me. He already has the customers that know and love him. There’s nothing preventing that from happening, and believe me, business is cut throat. This will happen all day every day from now on.

The free and open market will correct all.

 

[Greenbean]

The free and open market will correct all.

We'll see. I mean you're not wrong. It won't be the end of the world by any means. I just think it will fuck over some everyday people that aren't the "enemy".

 

[Freeloading Rusty]

When the ‘evidence’ doesn’t support your beliefs…

Ends bennies...
Checks figures 5 minutes later.

"Told you! It wasn't the issue. Nothing changed."

When the ‘evidence‘ does support your beliefs…

In Ohio, yes.
It would be a hell of a coincidence.

Interest increased even when they started talking about cancelling it.

Which is it? Too soon to know or not?
??

 

[Lukewarm Carl]

View: https://twitter.com/libradunn/status/1413854715604045826?s=19

 

[Filthy]

The free and open market will correct all.

i can't wait to get one.

i hear they're nice.

 

[Freeloading Rusty]

We'll see. I mean you're not wrong. It won't be the end of the world by any means. I just think it will fuck over some everyday people that aren't the "enemy".

How would removing a non compete agreement fuck over an everyday person?

 

[Lukewarm Carl]

If non-competes go away then my ability to negotiate with my current company goes up dramatically.

 

[Freeloading Rusty]

If non-competes go away then my ability to negotiate with my current company goes up dramatically.

What’s the flip side? What do you benefit from a non compete?

 

[Lukewarm Carl]

What’s the flip side? What do you benefit from a non compete?

Personally? Nothing.

It's good to keep me away from competitors though.

My knowledge and relationships are worth good money.

So if I'm not willing to move for a new job, I have to go outside of my area of expertise which then weakens my value on the market for at least a year.

 

[Lukewarm Carl]

Personally? Nothing.

It's good to keep me away from competitors though.

My knowledge and relationships are worth good money.

So if I'm not willing to move for a new job, I have to go outside of my area of expertise which then weakens my value on the market for at least a year.

That's with me acting with integrity and not using our internal information.

 

[Hauler]

When the ‘evidence’ doesn’t support your beliefs…


When the ‘evidence‘ does support your beliefs…

Which is it? Too soon to know or not?
??

You asked me what I've observed as a hiring manager. I answered truthfully.

 

[Greenbean]

How would removing a non compete agreement fuck over an everyday person?

Just to be clear, this isn't the hill I'm going to die on. It's not that big a deal to me. However, I have presented some very real scenarios where it will remove protection for business owners. Not all business owners are Jeff bezos caliber. There are little guys out there that benefit from added protection. They don't have the means to litigate and they're surviving on slim margins. It's hard enough to have a successful start up with everything going in your favor. That's all.

 

[Hauler]

Barrier to entry and friction in the marketplace is the main driver of decreased wages.
We have solved a lot of this friction by increasing internet access allowing various jobs to be set up in cities that wouldn't normally be able to support them. We have enhanced education and skills training through the same sort of technology. We have larger job websites so that employees and employers can find each other easier. But there are a few things artificially in our current system that need to be addressed to remove friction such that workers can find good jobs and jobs can find good workers.

One of those is the healthcare question. If leaving your job means losing your health care for some period of time you are now stuck in your job for a reason completely unrelated to your skills offered to that company or the next one. You get a better pay offer but can't take the chance on the jump. Same idea for starting small businesses. We should be enhancing the ability for anybody to start a business if they wish. But good luck doing that and figuring out the healthcare question. It's a huge drag on entrepreneurial efforts.
I see non-competes in the same vein.





Same with a noncompete.

Healthcare shouldn't be tied to employment.
It's a benefit that often acts as a shackle.

 

[Freeloading Rusty]

View: https://twitter.com/andrewsolender/status/1413674311987118080?s=21

 

[Freeloading Rusty]

@Hauler since I know you love anecdotal evidence..

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

Michael Lastoria, CEO of &pizza, told Insider he hasn't struggled to staff his 51 restaurants because he pays workers $16 an hour on average.

www.businessinsider.com

• The CEO of restaurant chain &pizza says there's no labor shortage, only a wage shortage.
• He's been paying employees $16/hr since before the pandemic and says he's fully staffed.
• He said he'd received more than 100 applications for each job this year.

 

[jason73]

View: https://youtu.be/_GO2jneQJOo

 

[Hauler]

@Hauler since I know you love anecdotal evidence..

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

Michael Lastoria, CEO of &pizza, told Insider he hasn't struggled to staff his 51 restaurants because he pays workers $16 an hour on average.

www.businessinsider.com

• The CEO of restaurant chain &pizza says there's no labor shortage, only a wage shortage.
• He's been paying employees $16/hr since before the pandemic and says he's fully staffed.
• He said he'd received more than 100 applications for each job this year.

My anecdotal evidence is more accurate than that idiot's anecdotal evidence.

 

[Hauler]

@Hauler since I know you love anecdotal evidence..

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

This pizza chain owner who pays $16 an hour says there's no labor shortage, just a shortage of businesses willing to pay a decent wage

Michael Lastoria, CEO of &pizza, told Insider he hasn't struggled to staff his 51 restaurants because he pays workers $16 an hour on average.

www.businessinsider.com

• The CEO of restaurant chain &pizza says there's no labor shortage, only a wage shortage.
• He's been paying employees $16/hr since before the pandemic and says he's fully staffed.
• He said he'd received more than 100 applications for each job this year.

I'd also argue that $16/hr in DC is like $10/hr in the heartland.

 

[BeardOfKnowledge]

I'd also argue that $16/hr in DC is like $10/hr in the heartland.

I have a sneaking suspicion they aren't charging Hot-n-Ready prices either.

 

[Freeloading Rusty]

I'd also argue that $16/hr in DC is like $10/hr in the heartland.

51 locations across 7 states, all fully staffed.

Must be doing something right.

 

[BeardOfKnowledge]

51 locations across 7 states, all fully staffed.

Must be doing something right.

Are any of them in the midwest like @Hauler was referring, or are they all in the northeast?

*Edit: The article give us the information we need to know:

The fact that the average minimum wage worker has to work 79 hours a week to afford rent for a one-bedroom apartment is the real crisis, Lastoria said.

 

[Hauler]

51 locations across 7 states, all fully staffed.

Must be doing something right.

If he's fully staffed why is he getting "100s of applications per job"?

Glad he's going well, but I also don't discount the fact that this dude might be a Lib honk talking out of his ass just to stop the noise.

I might call some of his locations on Monday and get some feedback from actual workers.

 

[Hauler]

Are any of them in the midwest like @Hauler was referring, or are they all in the northeast?

*Edit: The article give us the information we need to know:

So they are making that magical $15+/hr but they're all living in a single BR apartment with 5 other dudes because rent in the area is so high.