Becker's Healthcare December 15, 2023
In its January proposal to ban noncompetes, the Federal Trade Commission calls the policy “a widespread and often exploitative practice that suppresses wages, hampers innovation and blocks entrepreneurs from starting new businesses.”
Here are five key statistics on noncompetes to know:
1. Around 1 in 5 Americans, or 30 million people, are subject to noncompetes, according to a report from the FTC.
2. The FTC estimates that banning noncompetes would increase workers’ earnings between $250...
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