I was wondering about this too...
From the actual press release:
"Apple will also establish a fund to assist small US developers, particularly as the world continues to suffer from the effects of COVID-19. Eligible developers must have earned $1 million or less through the US storefront for all of their apps in every calendar year in which the developers had an account between June 4, 2015, and April 26, 2021 — encompassing 99 percent of developers in the US. Details will be available at a later date."
> The main idea of the non-compete agreement is that employers want to stop people from walking off the job and taking trade secrets to rival companies. If companies weren’t able to secure those protections, they’d need to pay lower salaries, and we’d all be worse off.
Anyone else confused by this statement? How do you make the leap from non-competes to higher salaries, or conversely, that a ban on non-competes would result in lower salaries?
I mean I think I can see the author's intent (that the company would need to divert funds from wages to somewhere else to protect their IP), but it seems like the rest of the article disagrees; namely, linking the Californian ban on NCAs to the innovative success in that state (and high salaries) would suggest that banning NCAs might foster higher wages. Intuitively, it feels like, in absence of a non-compete, a higher salary is the biggest deterrent to losing trade-secrets to other companies via poaching.
I'll admit, I read it as income. But it does make me start to think about the disparities in how wealth is generated across different classes of Americans. For me, wealth is almost 100% generated by my income, so I would say my income tax is basically a wealth tax.
"Apple will also establish a fund to assist small US developers, particularly as the world continues to suffer from the effects of COVID-19. Eligible developers must have earned $1 million or less through the US storefront for all of their apps in every calendar year in which the developers had an account between June 4, 2015, and April 26, 2021 — encompassing 99 percent of developers in the US. Details will be available at a later date."