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FTC Announces Rule Banning Noncompetes

https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-announces-rule-banning-noncompetes

Today, the Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamen

I haven't found the exact date, but it'll be effective ~~130~~ 120 days after publishing in the federal register.

Edit: typo

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philboydstudge

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My personal highlight:

The Commission also finds that instead of using noncompetes to lock in workers, employers that wish to retain employees can compete on the merits for the worker’s labor services by improving wages and working conditions.

luciferofastora

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Free market for jobs, how does that feel? Bet they're ecstatic to try the principles of fair competition for themselves.