FTC bans noncompete agreements, making it easier for workers to quit. Here's what to know.

Regulators prohibit new noncompetes, which impede millions of U.S. workers from getting a better job.

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I hope this goes through, at least for wage workers or anyone with no stake in the company. I was surprised to learn how common it was for hairdressers! Janitors!? The idea may have a purpose in some places, but it's obviously being abused to punish any employees who leave regardless of the reason.
- What do you mean "goes through?" It's a decision from the FTC so it went through, unless I'm misunderstanding that process.
  
  Chamber of commerce going to sue to block. They work for the overlords.
This will lead to massive amounts of fraud sadly.

Edit: Everybody down-voting clearly has 0 idea how much this helps the 1%
- How?
  
  The SEC/Fed can freely fuck off to work at Goldman now and don't need to do that song/dance.
  
  Financial institutions have these in place for a good reason (and there is nothing to say they can't keep some industries under the regulations)

11 comments