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Apr 23 2024
News
FTC votes to ban noncompete agreements
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
Fox BusinessApr 29 2024
News
What the FTC ban on noncompetes means for Seattle
A nationwide ban on noncompete agreements might not have as much of an impact in Seattle as other cities, a University of Washington employment expert says, noting there's a high percentage of tech and other workers who may make too much to be affected. Why it matters: Critics of the agreements say they stifle innovation and wage growth by restricting workers' ability to take new jobs that pay
AxiosApr 25 2024
Opinion
The FTC Decrees: No More Non-Compete Agreements
Is there anything that Federal Trade Commission Chair Lina Khan doesn’t think she can do? Apparently not. On Tuesday she and her fellow Democratic commissioners effectively invalidated tens of millions of employment contracts without authority from Congress.
The FTC’s 570-page rule outlaws so-called non-compete agreements across the economy. Employers use these agreements to restrict
Wall Street Journal (Opinion)Apr 24 2024
Opinion
FTC Ban on Noncompetes Is a Victory for the US Economy
It’s easy to understand why the US Chamber of Commerce is so upset about the Federal Trade Commission’s decision to ban noncompete agreements. The problem for businesses is not that they will lose trade secrets or valuable investments in workers to competitors. It’s that they just lost bargaining power to workers — and that’s exactly what the FTC intended.
BloombergApr 23 2024
News
F.T.C. Issues Ban on Worker Noncompete Clauses
The Federal Trade Commission on Tuesday banned employers from limiting their workers’ abilities to work for rivals, a sweeping change that the agency says could help raise wages and increase competition among businesses.
The move bars contracts known as noncompetes, which prevent workers from leaving for a competitor for a certain amount of time, in most circumstances. The agency has
New York Times (News)Apr 23 2024
News
FTC Bans Noncompete Clauses That Restrict Job Switching
The Federal Trade Commission on Tuesday banned employers from using noncompete contracts to prevent most workers from joining rival firms, achieving a policy goal that is popular with labor but faces an imminent court challenge from business groups.
The measure, approved by the agency’s Democratic majority on a 3-to-2 vote, marks the first time in more than 50 years that FTC officials
Wall Street Journal (News)Apr 25 2024
News
Let the competition begin: The FTC did its duty banning noncompetes
New York Daily NewsApr 23 2024
News
FTC bans noncompete clauses, declares vast majority unenforceable
The Federal Trade Commission (FTC) today announced that it has issued a final rule banning noncompete clauses. The rule will render the vast majority of current noncompete clauses unenforceable, according to the agency. "In the final rule, the Commission has determined that it is an unfair method of competition and therefore a violation of Section 5 of the FTC Act, for employers to enter into
Ars TechnicaApr 23 2024
News
New FTC Rule Bans 'Noncompete' Agreements for Most Employees
(WASHINGTON, D.C.) — 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, though the rule is sure to be challenged in court. The Federal Trade Commission voted Tuesday 3-2 to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed
Time MagazineMay 14 2024
News
Families first, not business first, is what society needs. Yeah! FTC Chair has monopolists unhinged!
We are a society indoctrinated into the belief that we must think of business before the priority of families. FTC Chair Lina Khan has Jim Cramer and the plutocrats unhinged. Families first, not business first. Watch Politics Done Right T.V. here. • None Families first, not business first, is what society needs. Here's why!: We are led to believe that ensuring business priorities supersede the
Daily Kos