Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Evan Starr"


2 mentions found


download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe FTC wants to give Americans the freedom to job-hop without pesky noncompete contracts getting in the way. The Federal Trade Commission voted 3-2 on Tuesday to approve a nationwide ban on noncompete agreements, the agency announced in a press release. The move could help American workers make $300 billion more a year, the FTC has previously said. Companies can keep existing contracts for some senior executives, but that will only affect about 0.75% of workers, the FTC said.
Persons: , pesky noncompete, Evan Starr, Lina M, Khan, Suzanne P, Clark Organizations: Service, Federal Trade Commission, FTC, Business, Employers, University of Maryland, New York Times, US, of Commerce, Commerce's, National Labor Relations Locations: California , Massachusetts, Illinois
Noncompetes prevent some workers in low-wage jobs from leaving for better opportunities. If the FTC succeeds in banning noncompete clauses, it can be an important win for low-wage workers and a pivotal moment in the push for workplace equity, advocates for the change say. Annabelle Chih/Getty ImagesCritics point out that many workers subject to noncompete language aren't high-profile executives who've amassed trade secrets — they're average workers. In 2015, The Verge reported on Amazon's use of noncompete agreements for warehouse workers. "Noncompete agreements help artificially stifle competition in the labor market, allowing employers to keep wages low by limiting workers' employment options," Constant wrote.
Total: 2