U.S. bans noncompete agreements for nearly all jobs

Posted under: Tech Move
Date: 2024-04-25
U.S. bans noncompete agreements for nearly all jobs

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompete employment agreements that typically prevent workers from joining competing businesses or launching ones of their own. The FTC estimates that about 30 million people, or one in five American workers, from minimum wage earners to CEOs, are bound by noncompetes. The FTC says employers should not enforce other existing noncompete agreements.

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