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.
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.
The rule makes it illegal to include the agreements in employment contracts and requires firms with active noncompete agreements to inform workers they are void.
The Federal Trade Commission (FTC) has voted to ban employers from requiring workers to sign noncompete agreements, while blocking the enforcement of most existing clauses.The FTC announced a new rule banning noncompete clauses nationally on Tuesday, maintaining in a press release that the move would protect "the fundamental freedom of workers to change jobs" and "promote competition" by "fostering new business formation."An estimated 30 million workers—or about 18 percent of the U.S....
Federal regulators on Tuesday enacted a nationwide ban on new noncompete agreements, which keep millions of Americans — from minimum-wage earners to CEOs — from changing jobs within their industries.The Federal Trade Commission on Tuesday afternoon voted 3-to-2 to approve the new rule, which will ban noncompetes for all workers when the regulations take effect in 120 days. For senior executives, existing noncompetes can remain in force. For all other employees, existing noncompetes are not...
Laura Reyes was in the middle of her shift as a cook at Burger King in San Jose, when she started feeling a sharp pain in her abdomen and lower back. As the day went on, Reyes started bleeding, and the pain became so severe that she felt like she might die. She had asked more than once if she could leave work, but her managers would not allow it. “I was really worried,” she told Fast Company through a translator. “In that moment, I didn’t know I was pregnant.” Reyes later found out that it...
President Joe Biden attempted to rip a page out of his predecessor and 2024 opponent Donald Trump's playbook by ordering fast food for construction workers Wednesday.
A huge Burger King franchisee is rushing to cut costs over California's $20 minimum wage for fast-food workers. Restaurants are cutting staff's hours and turning to tech.
The Federal Trade Commission voted 3-2 Tuesday to ban most noncompete agreements, a watershed moment for the U.S. workforce that faces an uncertain future. These common agreements currently b
The Federal Trade Commission (FTC) voted 3-2 Tuesday to ban noncompete agreements that prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job.
The Federal Trade Commission (FTC) on Tuesday approved a regulation that would ban noncompete agreements nationwide on the grounds that they unfairly limit workers' mobility and lead to lower pay. The FTC, which currently has a Democratic majority under President Joe Biden, voted 3-2 to approve the final noncompete rule. The agency first proposed the ban on noncompete agreements in January 2023, arguing they unfairly limit competition. Noncompete agreements generally prohibit an employee from...
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.