FTC Bans Non-Competition Clauses in Employment Contracts: A Step Towards Protecting Worker Rights
The US Federal Trade Commission (FTC) has recently made a groundbreaking announcement regarding a ban on non-competition clauses in employment contracts. This decision has been widely welcomed by US President Joe Biden, who believes that workers should have the freedom to choose jobs that offer better pay and working conditions.
This move by the FTC may have significant implications for the labor market and the rights of workers across the country. It is worth noting that in Israel, the non-compete clause is considered illegal and is not recognized by the courts, with a few exceptions. This decision could lead to changes in employment practices and new opportunities for workers looking to switch jobs or start their own businesses.
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Overall, this decision by the FTC marks a significant step towards protecting worker rights and promoting job mobility. It will be interesting to see how this decision impacts the labor market and whether other countries will follow suit in the future.
