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Yo_Mama_Been_Loggin

(108,485 posts) Sun Apr 28, 2024, 07:37 PM Apr 28

9

FTC's noncompete ban could reshape the US workplace

The Federal Trade Commission’s decision this past week to outlaw nearly all noncompete agreements is a high-stakes shift in US law that could restructure the balance of power between businesses and workers.

The rule means it will become easier for millions of US workers to leave their existing jobs to work for a competing company or start their own.

Companies say it will become harder for them to protect trade secrets and confidential information.

A legal battle is already underway to decide whether this change will be allowed to take effect at the end of August or early September.

https://finance.yahoo.com/news/ftcs-noncompete-ban-could-reshape-the-us-workplace-140012480.html

6 replies

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Highlight:

FTC's noncompete ban could reshape the US workplace (Original Post) Yo_Mama_Been_Loggin Apr 28 OP

I Predict Someone to File a Lawsuit in Northern District of Texas, Amarillo Division to Seek a Nation-wide Injunction Stallion Apr 28 #1

Ha! Lawsuit Already Filed in Northern District of Texas Stallion Apr 28 #2

I can see why there are NCs leftieNanner Apr 28 #3

The ban doesn't extend to highly compensated employees. Hugin Apr 28 #4

Yep. leftieNanner Apr 28 #6

I know that there are corporate V-Tubers who are VERY in favor of non-competes being outlawed sakabatou Apr 28 #5

Stallion

(6,476 posts)

1. I Predict Someone to File a Lawsuit in Northern District of Texas, Amarillo Division to Seek a Nation-wide Injunction

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Apr 28, 2024, 07:48 PM

Apr 28

Judge Matthew J. Kacsmaryk is the go-to Judge to take down any Biden regulatory action

Stallion

(6,476 posts)

2. Ha! Lawsuit Already Filed in Northern District of Texas

Reply to Stallion (Reply #1)

Sun Apr 28, 2024, 07:54 PM

Apr 28

although it doesn't mention the Division

https://www.jdsupra.com/legalnews/ftc-final-rule-banning-noncompetes-3012977/

leftieNanner

(15,206 posts)

3. I can see why there are NCs

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Apr 28, 2024, 07:55 PM

Apr 28

For highly compensated employees who receive a payout. But they use these on minimum wage sandwich makers to keep them tied to dead end jobs.

Hugin

(33,222 posts)

4. The ban doesn't extend to highly compensated employees.

Reply to leftieNanner (Reply #3)

Sun Apr 28, 2024, 08:07 PM

Apr 28

It's very well structured.

leftieNanner

(15,206 posts)

6. Yep.

Reply to Hugin (Reply #4)

Sun Apr 28, 2024, 08:16 PM

Apr 28

Which is why the big corporations have used it to punish lower wage workers.

sakabatou

(42,204 posts)

5. I know that there are corporate V-Tubers who are VERY in favor of non-competes being outlawed

Reply to Yo_Mama_Been_Loggin (Original post)

Sun Apr 28, 2024, 08:08 PM

Apr 28

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