The FTC’s three Democratic members were in favor of adopting the regulation, while its two Republican members were against it.

“The FTC estimated that the ban would boost wages by between $400 billion and $488 billion over 10 years.”

Employers are required to tell people that existing noncompetes are void:

The new rule makes it illegal for employers to include the agreements in employment contracts and requires companies with active noncompete agreements to inform workers that they are void. The agency received more than 26,000 comments about the rule after it was proposed some 16 months ago. The rule will take effect after 120 days, although business groups have promised to challenge it in court, which could delay implementation.

New York Times coverage for comparison

  • FlowVoid@lemmy.world
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    2 months ago

    No, arbitrators cannot issue injunctions. They simply determine the size of an award, ie the amount of money that one side ought to pay the other. They can’t even force the losing side to actually pay the award.

    That’s why arbitration decisions always end up before an actual court. Because it’s a judge, not an arbitrator, who can actually enforce payment. The judge won’t relitigate the entire case, but they will read the decision and have an opportunity to modify or throw out the award before it can be enforced.