Four years after The Economist reviewed Talent Wants to be Free: Why We Should Learn to Love Leaks, Raids and Free-Riding – a great review in the Schumpeter section – Ties that bind: The market for smart people is clogged up by all manner of dubious legal restrictions – this week the Economist publishes a new editorial calling for the ban of non-competes – Restrain restraints: The case against non-compete clauses. Glad Talent Wants to be Free resonated and that there is a growing number of important initiatives at the federal – Warren, Murphy, Wyden introduce new bill – and state levels, for example here, to restrict the use of non-competes.
Posted by Orly Lobel on May 18, 2018 at 11:39 AM
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Here in those links , one may reveal , some of the secrets as mentioned , of Israel as ” start up nation ” and alike : https://www.israel21c.org/start-up-nation-analyzes-israels-secret-sauce-2/
http://www.israelbusiness.org.il/startingyourbusiness/assistingceters/incubators
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Posted by: El roam | May 18, 2018 3:00:13 PM
Just correcting mistake in my comment above :
In the Israeli state , it is so indeed , that restrictions are not so severe , and typically may favor the employee , yet , notwithstanding , this is not the main reason for innovation. Rather the army as mentioned , funding by the government , mentality or cultural reasons and more …..
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Posted by: El roam | May 18, 2018 2:00:57 PM
Very interesting , and great luck with that book , but I am afraid , that such approach is not so simple, for too many reasons , and just some few to balance it rather :
The idea that :
” Policymakers need to remove these restrictions: they should presume that free trade in human talent is a good thing unless there are obvious attempts to steal corporate secrets. ”
But such free trade , is that what is causing many times such ” obvious attempts to steal corporate secrets ” otherwise, what shall the employee do with it ?? He would like to move forward , to get promotion in a new position in a new firm.
Beyond it : dedication , loyalty are extremely important . They create confidence . They would enhance long term investments in human resources. If an employer , is aware to such swift shift in positions stemming from free market , why would he trust an employee , and invest on him for the long run ??
Also , such lack of confidence , is causing frequent breaches in privacy of the employee . The employer becomes very suspicious . He may monitor every move of the employee , and take precautions , and ” precede remedy to the malady ” before it would strike him. So , with the electronic means available today , it becomes , massive , intrusive , and with no cost almost .
P.S : In the Israeli state , there are significant restrictions ( contrary to what is claimed in that article in the “Economist ” ) the innovation there , stems mainly from the fact , that the army is huge ( relatively ) and significantly based upon hi tech and innovations, all around so . Not correct at all !!
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Posted by: El roam | May 18, 2018 1:28:29 PM