Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story FTC bans noncompete agreements with new rule The Federal Trade Commission (FTC
Opinion by Terri Gerstein (CNN) — What do a pediatrician, a bartender who’s being sexually harassed, a former intern for an electrical engineering firm and an asphalt company salesperson have in common? They are among the members of the public who submitted comments to the Federal Trade Commission (FTC), urging it to ban non-compete provisions in employment contracts. These
Millions of Americans could be impacted by a new decision to ban noncompete clauses.
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 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...
U.S. companies would no longer be able to bar employees from taking jobs
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.
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
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.
The Federal Trade Commission sued today to block Tapestry's $8.5 billion