The Globe and Mail reports in its Monday edition that in yet another anti-business move, the New York state legislature has passed a bill that if signed into law by Governor Kathy Hochul will effectively ban non-compete agreements governing workers' postemployment mobility. The Globe's Gus Carlson writes that if enacted, New York would join California, North Dakota, Oklahoma and Minnesota in limiting these pacts. Ontario enacted a similar law in 2021. Traditionally, non-competes applied to a small workplace elite. That has changed. Today, one in five U.S. workers -- nearly 30 million people -- are bound by non-compete agreements. The spectre of this new regulation has drawn heavy fire from businesses. The loudest objections are from Wall Street firms that see non-compete agreements as essential to protect investment strategies and dissuade highly paid, highly trained employees from jumping ship to competitors with valuable inside and client information. New York has seen more than 150 companies flee the city and state since 2019 and taken almost a trillion dollars in assets, thousands of jobs and tax revenue with them. Among the big names is Goldman Sachs, which has moved a lot of its offices to Florida and Texas.