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What to know about the FTC ban: 1. Noncompetes restrain employees from seeking alternate employment or starting their own Biz. 2. Noncompetes have been shown to artificially suppress wages by locking up portions of the labor pool even when employees WANT to leave. 3. The ban will disallow all future noncompete agreements in employment. 4. FTC chair Lina Khan said "we heard from employees who, because of noncompetes, we're stuck in abusive workplaces." 5. The ban will retroactively nullify most Noncompetes, except those for high-level, policy making executives earning at least $151, 164. 6. The US Chamber of Commerce and a coalition of other anti-worker interest groups have vowed to fight the ban, claiming it hurts businesses and (somehow) hurts employees. #ftc #financialfreedom #financialeducation #financialliteracy #payraise #work #workmemes #noncompete #attorneyryan
Duration: 87 sPosted : Wed, 24 Apr 2024 00:17:45Views
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