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A 2023 petition to the FTC to ban non-compete agreements estimated that about 30 million workers (about 20% of all U.S. workers) were subject to a noncompete clause. [3] While higher-wage workers are comparatively more likely to be covered by non-compete clauses, non-competes covered 14 percent of workers without college degrees in 2018. [4]
The Federal Trade Commission on Tuesday issued a final rule banning noncompete clauses in employment contracts in the U.S. But experts in the field said the FTC’s move will definitely be ...
The rule would increase the required minimum salary level to exempt an employee from overtime pay, from about $35,600 currently to nearly $43,900 effective July 1 and $58,700 by Jan. 1, 2025.
A federal judge Tuesday blocked a nationwide ban on noncompete agreements from taking effect in September. The Federal Trade Commission (FTC) voted in April to ban most noncompete agreements ...
[18] [19] On August 20, 2024, a federal court in Texas overturned the FTC's ban on non-compete agreements, which was originally scheduled to take effect on September 4, 2024. [20] U.S. District Judge Ada Brown said the FTC did not have the authority to issue the ban, which she said was "unreasonably overbroad without a reasonable explanation."
Data from 2018 indicates that non-compete clauses cover 18 percent of American labor force participants. [34] A 2023 petition to the FTC to ban non-compete agreements estimated that about 30 million workers (about 20% of all U.S. workers) were subject to a noncompete clause. [35]
The FTC’s decision to outlaw nearly all noncompete agreements could restructure the balance of power between businesses and workers — if it survives legal challenges. FTC's noncompete ban ...
Authorizes an all-of-government approach to promoting competition and creates a White House Competition Council. Executive Order 14036 , titled Executive Order on Promoting Competition in the American Economy and sometimes referred to as the Executive Order on Competition , [ 1 ] is the fifty-first executive order signed by U.S. President Joe ...