The Federal Trade Commission (FTC) has recently implemented a rule that prohibits the use of noncompete agreements by employers, a decision that has sparked significant controversy and legal challenges. This sweeping regulation aims to enhance worker mobility and economic dynamism by allowing employees to switch jobs or start their own businesses without contractual restrictions. The ban, which has been met with lawsuits from business groups, is expected to reshape the U.S. workplace by potentially affecting up to 30 million workers, costing Americans $300 billion a year. Critics argue it could stifle investment, while advocates believe it will lead to higher wages and narrow the gender gap in entrepreneurship. The health care industry, however, may see limited impact as the ban might not apply to many hospitals and major health insurers.
[Webinar] Understanding the FTC's Noncompete Final Ruling: Practical Insights for Employers - April 30th, 1:00 pm - 2:00 pm EST - Register now https://t.co/hUAAGRBo2g
A Showdown Over Noncompete Agreements Is Coming. Buckle Up. https://t.co/ZNcGdyHQF5 https://t.co/ZEZhzZHlmW
At least ten states in America have blocked the use of non-compete clauses, which bar workers from leaving a firm to join a rival, on low-wage positions. The FTC now wants to ban them more widely https://t.co/ZyEOh9UJzv https://t.co/kA5bcWHCrf
The FTC's ban on noncompetes is a game-changer for US businesses. But here's the real secret to retaining talent: invest in engagement. Discover why fostering a culture of engagement is the ultimate people strategy: https://t.co/UimMj4su9b
At least ten states in America have blocked the use of non-compete clauses, which stop workers from leaving a firm to join a rival, on low-wage positions. The FTC now wants to ban them more widely https://t.co/rJa9pETUIo 👇
FTC Finalizes Rule Against Employee Noncompetes https://t.co/L3q9YZgo30 #FTC #Work #Noncompetes @jamieson https://t.co/DPgMubJoea
Non-Competes: What the FTC’s Rule May Mean for Health Care & Life Sciences Providers https://t.co/fTk1fI47Je #Health #Work #FTC @mandrews110 https://t.co/aPl1OazV2x
FTC Issues Rule to Ban Noncompetes: What Do Employers Need to Know? https://t.co/J98s1cjL8V
FTC Bans Non-Compete Agreements: Health Care Industry Implications https://t.co/nsERSCKnJb #FTC #Health #Work @JordanRau https://t.co/bq0z5puE4A
The FTC's ban on noncompete clauses is set to spur more state action to limit the restrictive covenants, adding momentum to an already expanding landscape of these laws. https://t.co/ra0JrHOYGh
FTC Ban on Non-Competes Could Be Challenging to Asset Managers https://t.co/LNhfQVCHVq #FTC #noncompetes #assetmanagers @ACAIntl https://t.co/jdVntreYgH
Advocates hope that lifting non-compete clauses on workers will inject dynamism into the American economy and lead to stronger wages; critics warn it will stifle investment https://t.co/8zRGFS6ExF 👇
Banning non-compete clauses allows more economic mobility and creates new opportunities for a better life for millions of workers. https://t.co/WPZiwOFoAe
NEW – The FTC Moves to Ban Non-Compete Agreements at the Federal Level Starting in August "The FTC estimates that 30 million Americans, or about 1-in-5 workers, are covered by these restrictions and they range from CEO's to hourly workers." https://t.co/MRO10zWFGf
Even for an agency that has sought in recent years to stretch its regulatory reach, the new FTC rule banning noncompete agreements is a stunning expansion of federal power—one that courts almost certainly will be asked to rein in. Story: https://t.co/ILNs13ilSZ https://t.co/IsHZkZ1FVX
ICYMI: @FTC & @LinaKhanFTC just banned noncompete agreements, which cost Americans billions of $ per year & are simply anti-worker. No noncompetes means better competition, increased mobility, and higher wages. Proud to have called for this w/ @SenWarren. https://t.co/OSC41nfSFO
Business groups file lawsuit not even a full day after FTC commissioners voted in favor of a brand new noncompete ban. https://t.co/9pKbDwkz2g
Absolutely unhinged reaction to the FTC’s non-compete rule from the AHA. Also from the Federation of American (For-Profit) Hospitals, whose members have openly told investors that owning dominant hospitals in small towns helps keep staff wages down. https://t.co/ifFRgDfKsk
FTC's noncompete ban could reshape the US workplace https://t.co/qmUvB3fZxC by @alexiskweed
Silicon Valley's Happy Coincidence: No Noncompetes in California In the wake of the @FTC banning noncompetes nationwide, @DavidSacks explains how California not allowing these agreements helped accelerate innovation in tech: "As a result of (no noncompetes in CA), the talent… https://t.co/K2vTC8T8Nq
"The FTC noncompete ruling will narrow the gender gap in entrepreneurship," Cornell professor @marxmatt writes in a new commentary. https://t.co/dN3loe7rHQ
Opinion | In a narrow vote last week, the Federal Trade Commission approved a rule that will ban the vast majority of noncompete clauses by U.S. employers, which have long prevented workers from switching jobs or setting out on their own. https://t.co/dlxEYqAla6
FTC Final Rule Limiting Non-Competes: Considerations for M&A Transactions https://t.co/Vo9duQ2t7c #employmentlaw #mergers #acquisitions @Mergermarket https://t.co/yICjrt8U89
Practical Advice Regarding FTC’s Non-Compete Ban for Employers https://t.co/0FdavRCyoa #employmentlaw #noncompetes #noncompeteban #FTC @abalel https://t.co/SRmffqb4OJ
How non-compete clauses cost Americans $300 billion a year https://t.co/xfmdm4R8Sz
The Federal Trade Commission voted to bar companies from using noncompete agreements which keep employees from taking a new job with a competitor or starting a competing business. https://t.co/x9LlvDYVIt
For the health care industry, the FTC's noncompete ban likely won’t apply to most of the country’s hospitals and some of the country’s biggest health insurers. https://t.co/Ck5seo1vjt
Analysis: One of the first lawsuits challenging the FTC’s noncompete ban is poised to spark a fresh debate over the meaning of the word “retroactive.” https://t.co/U11L0xBAt6
The first legal challenges to the Federal Trade Commission's new ban on essentially all noncompete agreements that employers impose on workers have already been filed, but questions remain. https://t.co/v0nsdc7qFa https://t.co/I00PWEv0EF