NPR - The Federal Trade Commission yesterday banned nearly all noncompete agreements. These
employment agreements bar workers from taking new jobs with a
competitor or starting a competing company. An estimated 30 million
Americans are bound by these agreements, according to the FTC. It
predicts the policy could lead to increased wages
totaling nearly $300 billion per year by encouraging people to swap
jobs freely. The ban, which will go into effect later this year,
includes an exception for existing noncompetes for senior executives.
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
April 24, 2024
Workers
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