Cornell Law professor Michael C. Dorf discusses President Joe Biden’s commentary on “shrinkflation” during his State of the Union address, particularly Biden’s call to pass legislation to combat this deceptive practice where companies reduce the product size while maintaining the price. Professor Dorf explains why he agrees with the need to address shrinkflation but critiques Biden’s focus on junk food examples, arguing that consuming fewer unhealthy products might not harm consumers. Additionally, Professor Dorf highlights a broader issue of consumerist populism and the inconsistency in addressing economic policies and environmental challenges.

NYU law professor Samuel Estreicher and JD candidate Alexander Gelfond discuss the Federal Trade Commission’s (FTC) proposed rule to ban all non-compete clauses in employment agreements, examining the agency’s four main justifications: that non-competes reduce workers’ wages, stifle new business and innovation, exploit workers, and are unnecessary for protecting trade secrets. While supportive of a limited ban on non-competes for workers without access to trade secrets, Professor Estreicher and Mr. Gelfond argue that the FTC needs to further justify its proposed nationwide ban, especially considering potential drawbacks like reduced worker training and lower investment in capital assets.

NYU Law professor Samuel Estreicher and 3L Zachary Garrett comment on a notice of proposed rulemaking by the Federal Trade Commission (FTC) that purports to ban non-compete clauses in employment agreements. Professor Estreicher and Mr. Garrett argue that the authority of the FTC to do so, based on its broad interpretation of Sections 5 and 6(g) of its authorizing statute, is dubious at best.