FTC Bans Non-Competes as Legal Battles Loom

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  • Опубликовано: 23 апр 2024
  • The Federal Trade Commission voted to ban non-compete provisions Tuesday, amid stark opposition from the business community. Doug Farrar, the director of the FTC's Office of Public Affairs, joins Bloomberg TV to discuss the challenges ahead. He speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power."
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Комментарии • 13

  • @popps33
    @popps33 Месяц назад +25

    Hurt Competition?? Then why is it called Non-Compete? Always thought Non-Compete restricts the economy and innovation.

  • @jules720
    @jules720 Месяц назад +8

    Companies are stating they need Non-compete contracts to ensure competition😂

  • @ryebirdstudios3336
    @ryebirdstudios3336 Месяц назад +7

    Non-competes are oppressive and restrict the growth of individuals! I work in restoration, I was in need of a job with plenty of opportunities overtime so could eat. After working in that industry for 3 years I had to leave because the company I was working for became toxic. I had no choice but to take a lower paying job in the food industry. After that became unsustainable, I had to return to that toxic work environment and pray that they would even take me back. It’s an unethical and unacceptable business practice that companies use to control workers they otherwise deem expendable.

  • @FOURTWENTY.SIXTYNINE
    @FOURTWENTY.SIXTYNINE Месяц назад +8

    Jimmy John's non-competes lmao

  • @ryan6881
    @ryan6881 Месяц назад +2

    If anyone wants to look how toxic non competes are, look at total quality logistics

  • @sunnygrant9559
    @sunnygrant9559 Месяц назад +4

    I believe that this could facilitate free trade and markets.

  • @MrNiceGuy500
    @MrNiceGuy500 Месяц назад +1

    I’m so glad non-competes are banned! I can now escape my abuser!

  • @bigdumbtruck
    @bigdumbtruck Месяц назад +2

    people forget almost everyone in the trades has a noncompete. if my grandpas furnace breaks down i can be fired for replacing it.