The FTC proposes to ban non-compete clauses. Move will help workers, employers.
The Federal Trade Commission on Thursday proposed a new rule to prohibit the use of non-compete clauses in worker contracts, a change that would significantly increase the bargaining power of employees. The proposal builds on the FTC's finding that non-compete clauses violate its fair trading laws, and the agency called them a "pervasive and often exploitative practice that suppresses wages, stifles innovation, and locks out entrepreneurs." so they don't start new businesses."The FTC estimates that the new rule could increase wages by about $300 billion a year.“The freedom to change jobs is fundamental to economic freedom and to a prosperous…
