1 year 3 months ago
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The US Federal Trade Commission today proposed a new rule banning US employers from using non-compete clauses in contracts with workers.
The regulator called such measures that prevent employees from going to work for other companies in the same field for a certain length of time "a widespread and often exploitative practice that suppresses wages, hampers innovation, and blocks entrepreneurs from starting new businesses," and an unfair method of competition in violation of the law.
"The freedom to change jobs is core to economic liberty and to a competitive, thriving economy," FTC Chair Lina M. Khan said.