5 min
A New Era for Employment: Understanding the FTC's Non-Compete Ban Blackletter
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- Business
What does the FTC's new rule on non-compete clauses mean for you and the U.S. workforce?
Today, Tom Dunlap walks us through the landmark decision that bans non-compete agreements for most employees starting at the end of August 2024. He offers a detailed analysis of when the rule takes effect, its implications, exceptions for certain roles and industries, and the ongoing role of state laws. Tom further explores the FTC’s motivation to enhance job mobility and stimulate innovation by eliminating these restrictive agreements. The episode also highlights a recent lawsuit that questions the FTC’s authority to enforce this ban. Tune in for a comprehensive breakdown and its potential effects on employment dynamics nationwide.
What does the FTC's new rule on non-compete clauses mean for you and the U.S. workforce?
Today, Tom Dunlap walks us through the landmark decision that bans non-compete agreements for most employees starting at the end of August 2024. He offers a detailed analysis of when the rule takes effect, its implications, exceptions for certain roles and industries, and the ongoing role of state laws. Tom further explores the FTC’s motivation to enhance job mobility and stimulate innovation by eliminating these restrictive agreements. The episode also highlights a recent lawsuit that questions the FTC’s authority to enforce this ban. Tune in for a comprehensive breakdown and its potential effects on employment dynamics nationwide.
5 min