BREAKING NEWS: U.S. Bans Noncompete Agreements

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The ban, which will take effect later this year, carves out an exception for existing noncompetes that companies have given their senior executives, on the grounds that these agreements are more likely to have been negotiated. The FTC says employers should not enforce other existing noncompete agreements.
The FTC estimates about 30 million people, or one in five American workers, from minimum wage earners to CEOs, are bound by noncompetes. It says the policy change could lead to increased wages totaling nearly $300 billion per year by encouraging people to swap jobs freely.
How will this affect you as an employee or employer?
Click on these links to learn more:

https://www.npr.org/2024/04/23/1246655366/ftc-bans-noncompete-agreements-lina-khan


https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

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