A new rule from the US Federal Trade Commission invalidates most noncompete agreements, frequently used to bind tech workers. It could unlock higher wages and more entrepreneurship and innovation.
The rule is set to take effect after 120 days, but business groups vowed to challenge it in court, arguing that the FTC greatly overstepped its authority and enacted a rule that will hurt companies.
FTC bans contracts that keep workers from jumping to rival employers abajournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abajournal.com Daily Mail and Mail on Sunday newspapers.