Federal Trade Commission Aims to Ban Non-Compete Clauses in Employer Contracts
Thursday, 25 April 2024, 07:06
FTC Looks to Ban Non-Compete Clauses
The Federal Trade Commission (FTC) is planning to prohibit non-compete clauses in employer contracts, which restrict workers from leaving for a competitor or starting a rival business.
Impact on Workforce
- Employee Mobility: Removing non-compete clauses could enhance job mobility and career opportunities for workers.
- Competition: Banning these clauses may promote a more competitive job market.
The U.S. Chamber of Commerce opposes the proposed ban, considering it unlawful, and has expressed intent to challenge it legally.
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.