Federal Trade Commission (FTC) Chair Lina Khan doubled down on the agency’s proposal to eliminate noncompete clauses from employment contracts and fight junk fees.
The FTC in January released a proposal to prohibit noncompete clauses—which prevent workers from leaving a company to join a rival company within a specified period—in an effort to bolster wages, increase competition, and improve market opportunities.
“Our proposal follows extensive research showing that noncompetes harm competition and labor markets, creating mismatches between workers and firms and reducing wages even for workers not directly covered by noncompetes,” Ms. Khan said in a speech at the Economic Club of New York on July 24….