Insights on the Federal Trade Commission's Decision to Crack Down on Noncompete Agreements

Saturday, 27 April 2024, 23:11

The Federal Trade Commission (FTC) has taken a significant step by prohibiting companies from enforcing noncompete agreements on employees. With approximately 1 in 5 American workers affected, this decision aims to promote labor market competitiveness and employee freedom. The ban prevents employers from restricting workers' career options, fostering a more dynamic job market.
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Insights on the Federal Trade Commission's Decision to Crack Down on Noncompete Agreements

FTC's Ban on Noncompete Agreements

The Federal Trade Commission estimates that about 1 in 5 American workers are restricted by so-called noncompete agreements with their employers. The agency voted this week to bar companies from using such clauses to keep employees from taking a new job with a competitor or starting a competing business.

John Yang speaks with The Hill's business and lobbying reporter Taylor Giorno to learn more.


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.


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