The Dynamic Case for Non-Compete

Here’s Peter Mannino’s Featured Comment on my recent post:

Isn’t the entire case against non-compete clauses exactly that they stifle dynamic efficiency? Imagine if the traitorous 8 couldn’t leave Shockley to found Fairchild semiconductors, or Noyce and Moore couldn’t leave Fairchild to found Intel. California’s hostility to non-compete’s is one reason why we have a tech sector… I guess the problem is that some business practices prevent the world from being a place where “entrepreneurs know...