New York’s governor vetoed a bill days before Christmas that would have banned noncompete agreements, which restrict workers’ ability to leave their job for a role with a rival business.

Gov. Kathy Hochul, who said she tried to work with the Legislature on a “reasonable compromise” this year, called the bill “a one-size-fits-all-approach” for New York companies legitimately trying to retain top talent.

“I continue to recognize the urgent need to restrict non-compete agreements for middle-class and low-wage workers, and am open to future legislation that achieves the right balance,” she wrote in a veto letter released Saturday.

The veto is a blow to labor groups, who have long argued that the agreements hurt workers and stifle economic growth. The Federal Trade Commission had also sent a letter to Hochul in November, urging her to sign the bill and saying that the agreements can harm innovation and prevent new businesses from forming in the state.

  • RubberElectrons@lemmy.world
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    11 months ago

    It’s simple to compare how negative legislation like this is for labor versus how much it helps corporations looking to scare employees trying to escape. Based on how positive for labor such a simple bill would have been, while seemingly negative for corporation’s bottom lines, the resulting suggestion of who she is and how her philosophy works as governor is trivial.

    Your weak personal convictions preclude your ability to conclude there is a fire when we collectively smell smoke, I am luckily unaffected.