When the Guy Making Your Sandwich Has a Noncompete Clause
These stories all expose the subtle ways that employers extract more value from their entry-level workers, at the cost of their quality of life (or, in the case of the noncompete agreements, freedom to leave for a more lucrative offer).
What’s striking about some of these labor practices is the absence of reciprocity. When a top executive agrees to a noncompete clause in a contract, it is typically the product of a negotiation in which there is some symmetry: The executive isn’t allowed to quit for a competitor, but he or she is guaranteed to be paid for the length of the contract even if fired.
Jimmy John’s appears to have demanded the same loyalty as the price of having a low-paid job hourly job making sandwiches, from which the worker could be fired at any time for any reason. Similarly, retailers demand that their workers adjust to schedules that are set by computers and can vary widely from week to week or involve sending people home if sales are slow, but have little patience for an employee who needs to leave early to pick up a sick child.
It begins with knowing what story you want to tell. Everything else will follow.Kevin Spacey (via peterspear)
Real estate is one of the few industries in the world that’s bigger than transportation. But in the coming decades, companies like Uber and Lyft—eventually super-charged by self-driving cars—are likely to change living patterns and upend property markets in ways that we’ve only begun to understand.Sam Lessin: The ‘Uber Effect’ on the Property Market (via davemorin)