The agency estimates that the rule will raise wages by a collective $300 billion annually.FTC Commissioner nominee Lina M. Khan testifies during a Senate Commerce, Science, and Transportation Committee nomination hearing on April 21, 2021, in Washington, D.C. Graeme Jennings-Pool / Getty Images The Federal Trade Commission (FTC) announced on Thursday that it has proposed a sweeping new rule that would bar employers from imposing noncompete clauses on workers, a move that could have major benefits for tens millions of workers across the U.S.
The FTC said that employers' use of noncompete clauses, which typically prohibit workers from moving jobs to competitors within certain time frames, is "a widespread and often exploitative practice."
The FTC said that employers' use of noncompete clauses, which typically prohibit workers from moving jobs to competitors within certain time frames, is "a widespread and often exploitative practice."
#competition #getty-images #increasingly #washington-post #competitive #competitors #enforcement #wide-variety #tech-workers
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