Illustration by Alex Castro / The Verge
The Federal Trade Commission is looking to ban noncompete clauses in employment contracts, which companies put in place to prevent employees from going to work for competitors or leaving to start similar businesses. On Thursday, the regulator issued a notice of proposed rulemaking, saying that the clauses hurt innovation and “decrease competition for workers,” which leads to lower wages overall.
While the proposed rule, which you can read here, would benefit worker...
