The FTC's nationwide ban on non-compete clauses has survived Supreme Court challenge and taken effect, freeing an estimated 30 million American workers from restrictions that prevented them from changing jobs or starting competing businesses.
What It Means
All existing non-compete agreements are void except for senior executives earning over $151,164 annually. Workers can now freely move to competitors, start rival businesses, or freelance in their industry.
Economic Impact
Economists project the ban will increase worker earnings by $300 billion annually as enhanced job mobility drives wage competition across all industries.
- 30 million workers freed from non-competes
- Existing agreements voided (except senior execs)
- $300 billion annual wage increase projected
- Survived Supreme Court challenge
