FTC Bans Noncompete Clauses That Restrict Job Switching

The Federal Trade Commission (FTC) has issued a rule prohibiting employers from using noncompete contracts to restrict most workers from joining rival firms, a move popular with labor but facing legal challenges from business groups.Show more

This marks the first time in over 50 years that the FTC has mandated an economy-wide change.

The rule bars companies from enforcing existing noncompete agreements on anyone other than senior executives and prohibits new contracts for such executives.

FTC Chair Lina Khan emphasized the restoration of economic rights to workers and the detrimental impact of noncompete clauses on competition and worker pay, the Wall Street Journal has reported.

read more: https://www.wsj.com/politics/policy/ftc-bans-noncompete-clauses-that-restrict-job-switching-984d2187

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley

Follow Me On Truth Social
https://truthsocial.com/@BC_Begley

#FTC