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Answering The $296 Billion Question: FTC's Proposed Rulemaking On Worker Non-Competes Likely To Be Found Unconstitutional - Whistleblowing - Vimarsana News

Answering The $296 Billion Question: FTC's Proposed Rulemaking On Worker Non-Competes Likely To Be Found Unconstitutional - Whistleblowing

Not surprisingly, the NPRM has sparked a surge of commentary in the legal and business communities and immediately courted controversy.

Source: mondaq.com
Other View: Biden administration is right to move to ban noncompete agreements - Vimarsana News

Other View: Biden administration is right to move to ban noncompete agreements

There is absolutely no question that constraining ordinary Americans, from construction workers to nurses to hairstylists from starting their own businesses or switching jobs deprives them of a right.

Answering the $296 Billion Question: FTC's Proposed Rulemaking on Worker Non-Competes Likely to be Found Unconstitutional - Vimarsana News

Answering the $296 Billion Question: FTC's Proposed Rulemaking on Worker Non-Competes Likely to be Found Unconstitutional

As our colleagues have previously reported in this blog, on January 5, 2023, the Federal Trade Commission issued a notice of proposed rulemaking…

Competition is all-American: The Biden administration is right to move to ban noncompete agreements - Vimarsana News

Competition is all-American: The Biden administration is right to move to ban noncompete agreements

We don’t know whether the Federal Trade Commission is right that forbidding noncompete agreements in labor contracts will increase wages by nearly $300 billion per year. Nor do we have

Competition is all-American: The Biden administration is right to move to ban noncompete agreements - Vimarsana News

Competition is all-American: The Biden administration is right to move to ban noncompete agreements

We don’t know whether the Federal Trade Commission is right that forbidding noncompete agreements in labor contracts will increase wages by nearly $300 billion per year. Nor do we have a strong opinion about whether the ban can be carried out via regulation, as just proposed, or requires legislation like the wise bipartisan Workforce Mobility Act; the courts will suss out the inevitable legal challenges. Finally, we think it’s possible the FTC has written its rule a bit too broadly, touching almost all employees in almost all sectors of the economy.