F.T.C. Bans Noncompete Clauses - The New York Times

F.T.C. Bans Noncompete Clauses – The New York Times

By Oghale Apr23,2024

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 said the proposal would raise wages and increase competition.

The proposal was approved by the agency in a 3-2 vote. Commissioners Melissa Holyoak and Andrew N. Ferguson, two Republicans, voted against the measure.

This is a developing story. Please check back for updates.

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By Oghale

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