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The Federal Trade Commission (FTC) has voted to implement a near-total ban on noncompete agreements, affecting approximately 30 million American workers. This decision, passed with a 3-2 vote, aims to eliminate existing noncompete clauses and prevent the formation of new ones, enabling workers to switch jobs or start new businesses more freely. The FTC argues that this move will increase wages and spur the creation of thousands of new businesses. However, the ban is expected to encounter legal challenges.
The FTC wants to make it easier for you to quit your job and go work for a competitor — or start a competitor of your own. In a 3-to-2 ruling, the FTC voted to ban noncompete agreements in the US. @anthonyha explores what this means for tech workers. https://t.co/UCf1k4keUt
The FTC has banned noncompete agreements for most of the U.S. workforce, freeing an estimated 30 million people bound by contracts that limit their ability to change jobs within their industry or strike out on their own. Here’s what you need to know: https://t.co/cHrcZmhQ0q
1/ Non-competes affect 30 million Americans...but not anymore. Yesterday, the FTC voted on a near-total ban on worker non-competes across the US. It would ban most new agreements and void existing agreements six months after the rule kicks in. Let's get into it. https://t.co/tsmLXcato2
