Intelligence Squared U.S.: Should the FTC Ban Non-compete Clauses?
Tuesday, April 11, 2023
The Federal Trade Commission recently shook up the labor market, proposing to ban non-compete clauses. These clauses are essentially contracts prohibiting employees from competing with the business after their employment has ended. Those who defend these clauses say employers need non-competes to protect their investments in training workers and to safeguard trade secrets. Others say non-competes prevent workers from starting their own businesses and depress wage growth.