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The FTC has banned noncompete agreements
The FTC says the ban will mean higher wages for workers.
By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. “Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism,” FTC Chair Lina Khan says in a statement. The agency says the ban will lead to the creation of over 8,500 businesses each year while also lowering healthcare costs and raising compensation for workers.
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