In a split decision vote on Tuesday, the Federal Trade Commission voted 3-2 to eliminate the ability of employers to enact or enforce a non-compete agreement on current or former employees, which would prevent them from working for potential competing companies or starting their own competing company after leaving a job.
According to the FTC, approximately 18 million workers in America are covered by these agreements, which equates to roughly 30 million people. This final ruling would eliminate all new noncompete agreements for workers and it would force these companies to allow current and former employees know that they won’t enforce them.
Additionally, they will also have to eliminate existing agreements for most employees, although the agreements may remain in effect for senior executives.
“It is so profoundly unfree and unfair for people to be stuck in jobs they want to…
