- The Federal Trade Commission proposed a rule Thursday that would ban U.S. employers from imposing noncompete clauses on workers, a sweeping measure that could make it easier for people to switch jobs and deepen competition for labor across a wide range of industries.would prevent employers from imposing contract clauses that prohibit their employees from joining a competitor, typically for a period of time, after they leave the company.
“These agreements block millions of retail workers, construction workers and other working folks from taking better jobs and getting better pay and benefits in the same field,” Biden said., a legal scholar and Washington outsider whose appointment by Biden signaled a tough antitrust stance. from companies such as software provider Salesforce, Facebook’s parent company Meta, and Amazon. The government is expected to announce Friday that employers added a solid 200,000 jobs last month, and that unemployment remained 3.7%, near a half-century low.
The proposed FTC rule would require companies to scrap existing noncompete causes and actively inform workers that they are no longer in effect, as well as prohibiting the imposition of new ones.
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Federal Trade Commission proposes banning noncompetes for workers | CNN BusinessThe Federal Trade Commission on Thursday said it is proposing a rule to ban employers from imposing noncompete agreements on workers and to rescind all existing noncompete agreements. Why is CNN still in business? It's certainly not because of news or journalism. wwe CNN sucks.
Source: CNN - 🏆 4. / 95 Read more »
Antitrust regulators propose banning noncompete clauses for workersThe Federal Trade Commission says the move would open new job opportunities for 30 million Americans and raise wages by $300 billion a year. The move by the Federal Trade Commission could open new job opportunities for 30 million Americans, officials said. Keep the government out of transactions between two parties. This just another attempt to expand the deep state under the guise of 'protecting the people' Damn, the news just keeps getting worse for CHRW
Source: washingtonpost - 🏆 95. / 72 Read more »
FTC moves to ban noncompete clauses for workersThe Federal Trade Commission has proposed banning the use of noncompete clauses in labor contracts, a move that would affect a large segment of the workforce.
Source: dcexaminer - 🏆 6. / 94 Read more »
Company threatened to fine low-wage workers $100,000 if they left for a competitor, feds sayFederal Trade Commission is cracking down on coercive employment agreements that keep workers bound to their jobs. They want to ban an employee making 10 million dollars from being allowed to get a job that requires a non-compete? Stay out of people’s business FTC CBS, did you breathlessly cover this as much as the drunk white girl who said the N-word? Stop giving out free stuff and it will keep people at their jobs, no-brainer!
Source: CBSNews - 🏆 87. / 68 Read more »