The U.S. Federal Trade Commission (FTC) building in Washington is seen in this 2006 file photo. President Biden recently touted the Federal Trade Commission’s proposal to ban all non-compete agreements, which prevent employees who leave jobs from working for rival firms for a limited time.
But the FTC’s staggeringly broad proposal would stunt job growth and curb investment in research and development. That’ll hurt every U.S. worker.
Non-compete agreements have existed for hundreds of years , for good reason. One of the earliest cases upheld in court involved rival bakers in 18th-century London. Today, non-competes are common in high-tech industries , […]
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