self-worth. 40% of workers today have to sign a noncompete agreement. it s one thing if you have access to secrets of a great technical organization. one thing you have a business, i m going to sell it, but i m not going to open up next door, when i sell it to you. a significant portion of these people are hourly workers. up until i started hollering about this, if you work for jimmy john s you had to sign a noncompete agreement, so you wouldn t walk across ten and try to get ten cents more from mcdonald s. there s only one person, to hold down the ability of individuals to bargain for their own self-worth. it s to keep wages low, and it s wrong. too many companies today classify their workers as manager managers. when labor fought to make sure if you re an hourly worker you had to be paid overtime. what do they do? the person stacking spaghetti
almost 1% per year. what are we doing? what are we doing? the priorities that we make. how things have changed, for a labor generally. 40 million people have to use have to sign noncompete agreement when they go to work. that makes sense if you work for tech company, and you have secrets, or an agency. the vast majority of people are hourly workers. if you are in a position you work for jimmy john s, making sandwiches. you want to go across town to get $0.05 more work, you can t do it. what possible reasons is not exist except for to depress wages? look at what is happening with corporate america where we are now today.
your taxes, you would increase the number of women in the work force by 750,000 people. because they re making sound judgments. [ applause ] guess what? it increases the growth of the gdp almost 1% a year. what are we doing? what are we doing? the priorities we re making. look, think of how things have changed. not just for organized labor but for labor generally. you know, you have 40 million people have to sign a noncompete agreement when they go to work. now that noncompete agreement makes sense if you work for a tech company and you have secrets or you have a agency that could open one and you sell it and promise i won t open one next door and compete with you. makes sense. but the vast majority of the people are hourly workers. now, if in fact you are a position you work for jimmy john s making sandwiches and want to go across town to get
think about how things have changed, not just for organized labor, but labor generally. 40 million people have to sign a noncompete agreement when they go to work. that noncompete agreement makes sense if you work for a tech company and have you stich receipts or you have an agency you re going to open one, you sell it, and say, i promise i won t open one up next door. that makes sense. most of those people are hourly workers. what was the case, you worked for jimmy john s making sandwiches, you want to go across town to get 5 cents more working for mcdonald s. you can t do it. what possible reason for that exists except to depress wages. look what s happened with corporate america now where we are today. corporate america, folks, it used to be that they thought they had more than one job created. i have a cartoon in my office, from the new yorker magazine, it s a picture of a great big
you propose to do something about this? i think about three basic ideas. one is to enhance exit options in many states. california is unusual and that they do not have noncompete agreement we went to the pet is. a noncompete agreement says that when you sign this contract to sign up that says if you quit you are not allowed to work in the industry for a number of years. you have to leave your talents and skills behind if you find work is intolerable. steve: i know the original idea was to protect company secrets from top workers that cry, they didn t want engineers codes. steve: why is that? california silicone valley is doing just fine without it. steve: how many workers are affected by that?