FTC bans noncompete clauses, declares vast majority unenforceable
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FTC Bans Worker Noncompete Clauses
Millions of Americans could be impacted by a new decision to ban noncompete clauses.
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FTC bans employers from using noncompete clauses
The US Federal Trade Commission (FTC) has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a press release. The new rule will free most new and current employees from such agreements, with the exception of "policy-making" executives earning more than $151,164 per year. "Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism," said FTC Chair Lina M. Khan. The agency estimated that the...
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FTC bas noncompete clause ban for most employees
U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday.