FTC's noncompete ban could reshape the US workplace

[Yo_Mama_Been_Loggin]

The Federal Trade Commission’s decision this past week to outlaw nearly all noncompete agreements is a high-stakes shift in US law that could restructure the balance of power between businesses and workers.

The rule means it will become easier for millions of US workers to leave their existing jobs to work for a competing company or start their own.

Companies say it will become harder for them to protect trade secrets and confidential information.

A legal battle is already underway to decide whether this change will be allowed to take effect at the end of August or early September.

https://finance.yahoo.com/news/ftcs-noncompete-ban-could-reshape-the-us-workplace-140012480.html

[Stallion]

1. I Predict Someone to File a Lawsuit in Northern District of Texas, Amarillo Division to Seek a Nation-wide Injunction

Judge Matthew J. Kacsmaryk is the go-to Judge to take down any Biden regulatory action

[Stallion]

2. Ha! Lawsuit Already Filed in Northern District of Texas

although it doesn't mention the Division

https://www.jdsupra.com/legalnews/ftc-final-rule-banning-noncompetes-3012977/

[leftieNanner]

3. I can see why there are NCs

For highly compensated employees who receive a payout. But they use these on minimum wage sandwich makers to keep them tied to dead end jobs.

[Hugin]

4. The ban doesn't extend to highly compensated employees.

It's very well structured.

[leftieNanner]

6. Yep.

Which is why the big corporations have used it to punish lower wage workers.

[sakabatou]

5. I know that there are corporate V-Tubers who are VERY in favor of non-competes being outlawed