Federal Trade Commission Passes Rule Banning Non-Compete Agreements

Tuesday, 23 April 2024, 18:53

The Federal Trade Commission (FTC) has voted to ban non-compete agreements affecting tens of millions of American workers, with the final rule aiming to eliminate these restrictive employment contracts. The ban is set to go into effect in 120 days, but faces opposition and legal challenges from pro-business groups. The decision sparks controversies over workers' rights, corporate interests, and the extent of the FTC's regulatory authority.

https://store.livarava.com/dd3cdf45-01a2-11ef-a6bf-63e1980711b2.jpg — Federal Trade Commission Passes Rule Banning Non-Compete Agreements

FTC Votes to Ban Non-Compete Agreements

The Federal Trade Commission (FTC) voted 3-2 to ban non-compete agreements that prevent millions of employees from switching jobs or starting competing businesses.

Worker Rights vs Corporate Interests

18 percent of U.S. workforce covered by non-compete agreements
New rule prohibits new non-compete agreements for all workers

The decision has sparked debates over the extent of worker mobility and business protection measures.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

FTC Votes to Ban Non-Compete Agreements

Worker Rights vs Corporate Interests

Related posts