AXIOS April 29, 2024
In the hipster antitrust age, workers are taking center stage.
Why it matters: It’s one of the clearest signs yet that we’re in a new era of antitrust enforcement, after years of pushing from left-of-center scholars and politicians plus a strong shove from the pro-labor White House.
State of play: The last week cemented the strategy. The Federal Trade Commission for the first time in 50 years enacted an “economy-wide” change — moving to ban noncompete agreements.
- One big piece of the agency’s reasoning: These contracts, prohibiting employees from quitting and immediately taking jobs with a competitor company, reduce competition between companies for workers. That leads to lower wages and fewer employment opportunities, they argue.
- The FTC also filed...
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