The Federal Trade Commission (FTC) has enacted a near-total ban on non-compete agreements in employment contracts. This decision, supported by the Biden administration, is based on substantial empirical evidence indicating that such restrictions harm workers, consumers, innovation, and employee mobility. The new rule is expected to significantly benefit U.S. workers, potentially leading to a $53 billion increase in annual wages. Employers, particularly in the energy sector, are now seeking guidance on how to navigate this regulatory change. Legal challenges to the FTC's rule have begun, with court guidance expected by July 3. The FTC will host a compliance webinar to assist employers in understanding and adhering to the new regulations. Employers are advised to pivot and not panic in response to the new rule.
The FTC's near-blanket ban on noncompete agreements prevents workers and businesses from voluntarily entering into mutually beneficial arrangements in situations where employers lack market power. https://t.co/NY0fpOax3r via @BrianCAlbrecht
FTC Bans Most Non-Compete Agreements https://t.co/YpuDzYa60v #FTC #Noncompetes #Work https://t.co/4HXeLXjVhm
The FTC Ban on Noncompete Agreements Is Misguided | City Journal https://t.co/DvX6icPjkj
1 in 5 Americans are bound to noncompete agreements with past employers that restrict mobility, depress wages, and block innovation. Thanks to a new @FTC rule banning noncompete agreements, U.S. workers will see a $53 billion wage increase per year. https://t.co/CECMu5RNuy
Update on FTC Noncompete Ban: Court Challenges Begin https://t.co/IavQH0NZaA #noncompetes #employmentlaw #ftc @PierceAtwoodLLP https://t.co/Ar0tn7FRSm
FTC's New Rule Usurps Florida's Public Policy on Noncompete Agreements https://t.co/tQc8hXmKJ1
Watch the compliance webinar on rule banning noncompetes today at 11am ET: https://t.co/gZr5qWgvQa https://t.co/LcqDok6hNL
Unchained, Unpacking the FTC Ban on Non-Competes [Podcast] https://t.co/WlrfhXa4V7 #Podcast #Work #FTC @NoamScheiber https://t.co/fl8N2pQK3k
FTC’s New Non-Compete Rule: FAQs for Employers https://t.co/HZCXOhy3Rs #employers #ftc #noncompetes #employment #legalnews @EmpLawCounsel https://t.co/9PMRdbTjgr
In case you missed it the Biden admin has banned noncompete contract clauses that have screwed workers for years. It’s another massive victory for working Americans https://t.co/RoPPwG2Cmu
Pivot, Don’t Panic: How Employers Should Respond to the FTC’s Ban on Non-Compete Agreements https://t.co/8QdO4J8b6A
FTC’s New Non-Compete Rule: FAQs for Employers https://t.co/ZnhdOnp7eW
FTC to host compliance webinar on rule banning noncompetes: https://t.co/qVqPaQ6Mpv
Latest @CityJournal from @BrianCAlbrecht on the FTC's noncompete ban. https://t.co/odC11MvAn6
The Federal Trade Commission's near total ban on noncompete agreements in employment contracts is fundamentally at odds with established U.S. antitrust principles. https://t.co/NY0fpOax3r via @BrianCAlbrecht
The FTC’s Noncompete Ban is Published…What Now? https://t.co/TfgFKIlUQk #FTC #noncompetes #employmentlaw @NYBizJournal https://t.co/FDvWgiZMOM
The FTC Has Banned Non-Competes: What Do Employers in the Energy Space Do Now? https://t.co/dv7rzoRiCU #FTC #noncompetes #employmentlaw #employers @AmyAHarder https://t.co/TClLtY0DsG
Litigation Seeks to Stay FTC’s Noncompete Ban: Court Guidance Expected on or Before July 3 https://t.co/wrw7QuAlUi
Unchained, Unpacking the FTC Ban on Non-Competes [Podcast] https://t.co/WlrfhXa4V7 #Podcast #Work #FTC @norris_Law https://t.co/iIf0PgJZKP
FTC’s New Non-Compete Rule: FAQs for Employers https://t.co/HZCXOhy3Rs #employers #ftc #noncompetes #employment #legalnews @NelsonMullins https://t.co/HcCPDMll8Y
The FTC’s Noncompete Ban is Published…What Now? https://t.co/TfgFKIlUQk #FTC #noncompetes #employmentlaw @WinsteadPC https://t.co/nb0yjyTYKN
Free to read at the link: The @FTC rule banning non-competes is based on a mountain of empirical evidence showing that such restrictions harm workers, consumers, innovation, and employee mobility, writes @UChicagoLaw's Eric Posner. https://t.co/YRAJdpcv5c
FTC ban on non-competes would put employees in the driver’s seat https://t.co/plynB026YP
Employers could soon be forbidden from requiring workers to sign noncompete clauses. https://t.co/3jOpOln75P
The FTC Has Banned Non-Competes: What Do Employers in the Energy Space Do Now? https://t.co/dv7rzoRiCU #FTC #noncompetes #employmentlaw #employers @bradleylegal https://t.co/dISQ99rEUY