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