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This new rule, new Title IX and new OT payroll rules by Raoul
all have been modified and expanded in a way that most don't appreciate.
I am sympathetic to the arguments against most non-competes. I am concerned this is overly broad.
I hope all three get struck down and Congress has to vote them in. I suspect the OT changes will mostly hold. Title IX? Maybe not. And this too could be viewed as an overreach.
Pretty activist regulatory regime which is always my biggest issue with academic Dems.
P.S. FTC has lost in court on some M&A. But not deterred.
P.P.S. There have to be some non-competes that can be allowed on a go-forward basis if paired with negotiated compensation as an offset. Perhaps that carve is buried in the new rules.