Dear Readers, I. What Are Employee Noncompete Agreements, and Why Are They Important? II. Richmond Fed Study Ties Detroit Auto Boom to Michigan Ban on Employee Noncompete Agreements III. Richmond Fed Study Ties Silicon Valley Boom to California Ban on Employee Noncompete Agreements IV. Arguments for Employee Noncompete Agreements V. Arguments Against Employee Noncompete Agreements VI. Increasing Use of Noncompete Agreements by Employers VII. Conclusion “By 1914, the Dodge Brothers quit the Ford Motor Company …