New US rule would ban employers from using ‘noncompete’ agreements
by The Guardian
The Guardian— FTC votes to ban measures which bar workers from jumping to or starting competing companies for a prescribed period of timeUS companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency on Tuesday, though the rule is sure to be challenged in court.The Federal Trade Commission voted to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time....
SiliconBeat—New federal rule bans ‘noncompete’ agreements for most workers. Noncompete agreements are banned in three states, including California, and some opponents of noncompetes argue that California's ban has been a key contributor to that state's innovative tech economy.
Engadget—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...
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.