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F.T.C. Issues Ban on Worker Noncompete Clauses
The Federal Trade Commission on Tuesday banned employers from limiting their workers’ abilities to work for rivals‚ a sweeping change that the agency says could help raise wages and increase competition among businesses.
The move bars contracts known as noncompetes‚ which prevent workers from leaving for a competitor for a certain amount of time‚ in most circumstances. The agency has said the proposal would raise wages by forcing companies to compete harder for talent.
The proposal was...