No more noncompetes, FTC says; Tenessee bill would allow teachers to carry guns
The Federal Trade Comission voted yesterday to ban nearly all noncompete agreements. Tenessee's lawmakers have passed a bill allowing teachers to carry guns on campus.
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These employment agreements bar workers from taking new jobs with a competitor or starting a competing company. An estimated 30 million Americans are bound by these agreements, according to the FTC. It predicts the totaling nearly $300 billion per year by encouraging people to swap jobs freely. The ban, which will go into effect later this year, includes an exception for existing noncompetes for senior executives.
