Massachusetts is one of the few places in high-tech America where non-compete agreements are enforceable, a factor that scholars have pointed to in explaining why the state's tech industry has stayed so small relative to California, where the best workers can always move to the best companies.
The power of Massachusetts giant EMC is likely to blame for the endurance of this particular labor convention, but now that EMC is proposing a merger with Dell, with the layoffs inevitably attending such a merger, the state house is mooting a law that would force employers to pay half-wages to any laid off employee bound by non-competes, for the duration of the clause.
The Massachusetts opponents of non-compete clauses want the state to make non-compete agreements unenforceable, similar to California. But forcing an employer to pay at least half an employee's salary for the duration of the non-compete may be almost as good as an outright ban. This provision may prompt some employers to abandon the non-compete provisions altogether, say opponents.
This bill has some legislative leadership support but there's little hope that the garden leave provision will make it into the final bill, say non-compete reformers.
Laid-off with a non-compete? Bill would guarantee salary
Documents on an unprotected, network-connected drive owned by an employee of Nokia shed light on the inner workings of Russia’s networked surveillance system known as SORM (Russian: COPM).
Thomas Piketty, the French economist behind 2014's game-changing Capital in the 21st Century, has a new book, Capital and Ideology (out in France now, coming in English in 2020), which uses the same long-run economic series that Capital 21C benefited from to understand the relationship between wealth and ideology. Central to Piketty's thesis: that it's […]
The real estate bubble is in trouble: London's luxury housing market has been in freefall for years, and New York's retail vacancy has been soaring, even as global super-luxe housing is also tanking.
Life isn’t getting any less hectic, and pressure cookers are a quick, healthy solution for a growing number of kitchens. But if you thought your Instant Pot was versatile, there’s a major upgrade on the market: The Yedi 9-in-1 Total Package Instant Programmable Pressure Cooker. If you’ve somehow never used a pressure cooker before, try […]
When it comes to data analytics or deep learning, there’s one language behind the apps and algorithms that power the biggest companies of today: Python. The best part about this tool is that as versatile as it is, it’s actually fairly easy to learn. But mastery? For that, you need more than just a beginners’ […]
Your smartphone’s GPS is a modern necessity for some trips, but how do you use it safely? It’s been a problem ever since phones went mobile. A certain phone mount even shelled out the money for a commercial during the Big Game, so clearly there’s a market for the solution. Turns out there are a […]