FTC bans employers from using noncompete clauses
by Engadget
Engadget— 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...
WCCB Charlotte—FTC Bans Worker Noncompete Clauses. Millions of Americans could be impacted by a new decision to ban noncompete clauses.
6abc Philadelphia—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.
NPR—FTC bans most noncompete agreements between employers and workers. The Federal Trade Commission has voted to ban employment agreements that typically prevent workers from leaving their companies for competitors, or starting competing businesses of their own.