Credit: Vitalii Vodolazskyi/Shutterstock.com Legal Industry Is Split on FTC's Proposed Ban on Non-Competes
The FTC's public comment period on its suggested non-compete ban has opened up a debate over free job selection and wage growth versus potential theft of innovative ideas and confidential information. Ultimately, the courts may decide.
January 18, 2023 at 06:00 AM
5 minute read
The Federal Trade Commission may have opened a Pandora's Box right at the beginning of the year by proposing a new rule to ban non-compete clauses in work contracts, arguing these provisions not only harm competition but also hurt workers. The strongly worded proposal calls non-compete clauses an "unfair method" of competition—the debate is on after the FTC opened a public comment period.
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