The Federal Trade Commission (FTC) is going to vote Tuesday on a ban that would get rid of non-compete agreements for workers.
This non-compete ban vote is set for the afternoon and could cause major changes in how workers evaluate leaving their current jobs. Under the current system, one in five workers is unable to seek out new employment due to timed non-compete agreements.
A non-compete ban vote could completely remove these restrictions. If that happens, it would allow employees to take new job opportunities without risking breaking contracts with current employers.
It’s worth noting that non-compete agreements were originally limited to executives and other highly paid employees. However, they have been expanding over the years to include more and more workers. This has some states limiting these types of agreements to high-paid workers.
Non-Compete Ban Vote: Will It Matter?
While the FTC’s vote is important, it may be some time before the results of it are felt. Even if the ban is approved, it could be years before it can go into effect. That’s due to potential lawsuits that could keep the change in court for years.
No matter the case, this is an interesting time for workers. The non-compete ban vote could mark a major change and is worth keeping an eye on!
Investors looking for all of the latest stock market stories will want to stick around!
We have all of the hottest stock market news traders need to know about on Tuesday! Among that is what has shares of Nvidia (NASDAQ:NVDA) stock in the news today and why shares are up on Tuesday. All of that news is available below!
More Tuesday Stock Market News
- Keybanc Says Nvidia (NVDA) Stock Is Still One of the Top Buys in Today’s Market
- NVDA Stock: China Is Still Buying Top Nvidia Chips Despite U.S. Ban
- Why Are Stocks Up Today?
On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
