On Tuesday, the Federal Trade Commission enacted one of the most significant regulations of the Biden years: a comprehensive ban on non-compete clauses. The final rule prohibits new non-compete clauses for all workers, regardless of line of work or income, and makes existing non-competes null and void for everyone except senior executives. A neurologist making $1 million a year and a gig worker making less than the federal minimum wage will both be covered when the rule goes into effect later this year. This outcome is the product of years of reporting, research, and advocacy, including a 2019 rulemaking petition to the FTC by the Open Markets Institute, where one of us works … (more)
[Jonathan F Harris and Sandeep Vaheesan, LPE Project, 25 April 2024]
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