FTC Ban on Noncompetes Is a Victory for the US Economy
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The Federal Trade Commission (FTC) has implemented a ban on noncompete agreements, which is seen as a victory for the US economy. The ban gives workers more bargaining power and makes businesses more competitive. Noncompete agreements are not only relevant for employees with trade secrets, but are often imposed across various industries on a wide range of workers. Most hiring in the US involves people leaving one job for another, which shapes the dynamism of the labor market.

#Ftc #NoncompeteAgreements #UsEconomy #BargainingPower #LaborMarket

https://www.bloomberg.com/opinion/articles/2024-04-24/ftc-ban-on-noncompetes-is-a-victory-for-the-us-economy