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- Title
Looking for a Better Paying Job? Help is on the Way.
- Authors
SHIERHOLZ, HEIDI
- Abstract
The Federal Trade Commission (FTC) has issued a new rule declaring that most noncompete clauses in employment contracts are unfair. This rule bans employers from requiring workers to sign these agreements and prohibits the enforcement of existing noncompetes for workers other than senior executives. Noncompete agreements restrict workers from finding better opportunities, reduce wages, and hinder the formation of new firms. The FTC's rule aims to foster fair competition, empower workers, and create an economy that works for working people.
- Subjects
TRADE secrets; PROTECTION of trade secrets; CONTRACTS; COVENANTS not to compete; WAGE increases
- Publication
CounterPunch, 2024, p1
- ISSN
1086-2323
- Publication type
Article