The FTC banned noncompetes. What that means for workers and companies.

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The Federal Trade Commission (FTC) has banned noncompete agreements for most of the U.S. workforce, affecting an estimated 30 million people. Labor advocates see this as a victory for workers, while big businesses and lobbying groups are filing a federal lawsuit against the ban. Noncompete agreements limit workers' ability to change jobs within their industry or start their own businesses. The FTC's decision aims to promote competition and give workers the freedom to pursue new opportunities. However, opponents argue that it will limit their ability to protect trade secrets and confidential information. The ban is not yet final and may face legal challenges.

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