Original link: Florida non-compete bill backed by Citadel bodes ill for advisor mobility / InvestmentNews.
Decreasing employee mobility is in general bad for the economy. The economy thrives when companies freely competes for talent, because it ensures that the best people work where they are most useful.
I can understand that companies are concerned about employees moving to the competitors, but any restrictions should come at a cost to ensure that restrictions are only put in place where absolutely needed. If the company had to pay full salary as long as the non-compete was in place, then I think the problem would go away - non-competes would only apply to CxO's and they would be properly compensates and if the company think it is not worth it, then they can always drop the idea.