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FTC bans noncompete agreements, making it easier for workers to quit. Here's what to know.
Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.
Still, the FTC is banning new noncompetes for senior executives on the grounds that the agreements stifle competition and discourage employees from creating new businesses, potentially harming consumers. The idea of using noncompetes to keep business information out of the hands of rivals has proliferated, noted Shierholz, citing a notorious case involving Jimmy John's eateries. In one case, a single father earned about $11 an hour as a security guard for a Florida firm, but resigned a few weeks after taking the job when his child care fell through.
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