The FTC estimates about 30 million people, or one in five American workers, from minimum wage earners to CEOs, are bound by noncompetes. It says the policy change could lead to increased wages totaling nearly $300 billion per year by encouraging people to swap jobs freely.
No worries. I hadn’t heard about it until today, and i thought some other people might be in the same boat.
Here is arstechicnicas writeup, but please spread the word. Oh, and the bastards at the Chamber of Commerce are going to sue. They will lose, but it will cost all of us money.
https://arstechnica.com/tech-policy/2024/04/ftc-bans-noncompete-clauses-declares-vast-majority-unenforceable/