New York’s governor has vetoed a bill that would have banned non-compete agreements, which restrict workers’ ability to leave their employer for a job with a competitor. Rockland State Senator Bill Weber of the 38th District says he had voted “no” on the bill, but thinks a compromise bill is likely…
The Associated Press reported labor groups have argued that the agreements hurt workers and stifle economic growth. The Federal Trade Commission had urged the governor to sign the bill, arguing the agreements can harm innovation and prevent new businesses from forming in the state. The governor indicated she is open to legislation that “achieves the right balance” instead of being “a one-size-fits-all-approach” for companies legitimately trying to retain top talent.