US Chamber of Commerce to sue FTC for banning noncompetes in most jobs
Source: The Register
The US Chamber of Commerce is saying it will sue the Federal Trade Commission (FTC) for officially banning noncompete clauses in employment contracts across Amercia.
A noncompete agreement typically blocks the employee who signed it from going to work for a rival or starting up a competing business of their own.
The Chamber of Commerce labeled the FTC's publication of its final rule yesterday as an "unlawful power grab." The feds claim the move will help usher in 8,500 extra new businesses and 17,000-29,000 more patents each year.
It all kicked off last year when America's federal employment regulator said it was worried about the unequal bargaining power between employers and workers, claiming that noncompete clauses were limiting employees' ability to practice their trade. It asked for Americans' opinions and received more than 25,000 comments out of 26,000 that were in support of the ban.
Read more: https://www.theregister.com/2024/04/24/noncompetes_ban_ftc/
Posted yesterday: https://www.democraticunderground.com/10143230134
"FTC Announces Rule Banning Noncompetes"
Didn't take long!
JustAnotherGen
(31,902 posts)Prevails.
PatSeg
(47,602 posts)hedda_foil
(16,375 posts)They inevitably find for big business.
PatSeg
(47,602 posts)CousinIT
(9,257 posts)It's what at least 6 of them were put there for, among other things (like reducing America's women & girls to rape-ready male service units and breeding livestock and decimating the VRA).
So if it does, we know how they'll rule.
PatSeg
(47,602 posts)that they aren't there to serve corporate America, not the law.
moreland01
(742 posts)Non-compete agreements are unlawful power grabs!
Traurigkeit
(244 posts)Gidney N Cloyd
(19,847 posts)Like back in Top 40 Radio's heyday when station X didn't want Marvin in the Morning going across the street to station Y, at least without a cooling off period.
But when some sandwich maker kid at Jimmy Johns can't quit for a better paying job at Jersey Mike's, that's ridiculous overreach.
Traurigkeit
(244 posts)LetMyPeopleVote
(145,567 posts)Link to tweet
Here is a link to the lawsuit which was filed by Gibson Dunn
https://files.lbr.cloud/public/2024-04/Ryan.pdf?VersionId=0yu9qPkQFUOJ5XXAaZvtgXK4EzWprx7N
tonekat
(1,820 posts)Is an evil entity.
More_Cowbell
(2,191 posts)And our businesses are doing fine. Two more laws took effect this year (but stated that they're affirming existing law).
sybylla
(8,526 posts)They can suck it.