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The Federal Trade Commission voted 3-2 Tuesday to ban most noncompete agreements, a watershed moment for the U.S. workforce that faces an uncertain future. These common agreements currently bar ...
Non-compete agreements will be enforced in Illinois if the agreement is ancillary to a valid relationship (employment, sale of a business, etc.) and (1) must be no greater in scope than is required to protect a legitimate business interest of the employer, (2) must not impose an undue hardship on the employee, and (3) cannot be injurious to the ...
And some, like Kansas and South Carolina, impose none at all, according to the Economic Innovation Group. 3. Even absent state restrictions, antitrust laws still apply
Noncompete agreements, which employers have deployed with greater frequency in recent years, limit an employee's ability to jump ship for a rival company or start a competing business for a stated ...
Research shows that non-compete agreements make labor markets less competitive, reduce wages and reduce labor mobility. [3] [1] While non-compete agreements may incentivize company investment into their workers and research, they may also reduce innovation and productivity by employees who may be forced to leave a sector when they leave a firm.
The AFL-CIO, America's largest labor group, praised the new rule in a post on X Tuesday, saying noncompete agreements "trap workers from finding better jobs, drive down wages, and stifle competition."
On February 11, Governor Roy Cooper announced the creation of a Novel Coronavirus Task Force for North Carolina and a state health department hotline. Co-chairs of the task force were Dr. Mandy Cohen, Secretary of the North Carolina Department of Health and Human Services, Dr. Elizabeth Cuervo Tilson, North Carolina State Health Director and the Chief Medical Officer for the North Carolina ...
A sweeping federal ban on noncompete agreements -- which was set to take effect for tens of millions of Americans nationwide on Sept. 4 -- is now permanently on hold. An estimated 30 million ...
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