The Federal Trade Commission on Tuesday voted to ban employees from enforcing noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time.However, it's expected that the rule will be challenged in court. If former President Donald Trump wins the 2024 presidential election, his administration could withdraw the rule.According to the FTC, 30 million people — roughly one in five workers — are now subject to such restrictions.
"The Biden administration has taken aim at noncompete measures, which are commonly associated with high-level executives at technology and financial companies but in recent years have also ensnared lower-paid workers, such as security guards and sandwich-shop employees. A 2021 study by the Federal Reserve Bank of Minneapolis found that more than one in 10 workers who earn $20 or less an hour are covered by noncompete agreements.
Source: Law Daily Report (lawdailyreport.net)
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