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FTC bans noncompete agreements for workers
(www.washingtonpost.com)
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this post was submitted on 23 Apr 2024
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FTC working for the people, rather than using their position to audition for lucrative future private gigs. Rock on.
I mean, in fairness, non-competes fuck up other businesses, too. They're also sort of a pain to litigate, generally speaking. So bigger firms hiring people from smaller firms do see a benefit by simply clearing the deck of annoying trivial NCs.
Less of a "working for the people" and more "performance tuning the engine of market capitalism". Which is still more than I've seen from most federal agencies in a good year. So, polite golf clap
This is the same FTC that challenged further supermarket consolidation. Same FTC that is challenging big tech and is wanting AI regulation. Same FTC that Apple stopped John Stewart from interviewing. Clearly this FTC bothers enough giants. https://arstechnica.com/gadgets/2024/04/apple-wouldnt-let-jon-stewart-interview-ftc-chair-lina-khan-tv-host-claims/
"The U.S. Chamber of Commerce vowed to sue the F.T.C. to block the proposal, calling it "an unlawful power grab" in a statement shortly after the vote."
This FTC deserves solid applause because this action is huge.