Results for: Job Mobility

The Federal Trade Commission (FTC) has voted to ban noncompete agreements, which bar employees from working for competitors. The rule prohibits employers from imposing such agreements on any employee, arguing that they harm workers, reduce job mobility, and stifle economic growth. However, the ban faces legal challenges from business groups and may be overturned if the U.S. Chamber of Commerce succeeds in its lawsuit.

In a historic move, the Federal Trade Commission (FTC) has banned the use of noncompete agreements by US companies, allowing employees to freely seek employment with competitors. Previously, an estimated 30 million workers were bound by these restrictive clauses, limiting their ability to switch jobs and earn higher salaries.