Steve should have known that civil engineering was not for him when he spent most of his time at university monkeying with his 8086 clone PC. Although he graduated, a lifelong obsession of wanting the Solitaire win animation to go faster had begun.
The US Federal Trade Commission has banned noncompete clauses in a move to "drive innovation" and protect workers' rights and wages, the regulator said in a. The new rule will free most new and current employees from such agreements, with the exception of "policy-making" executives earning more than $151,164 per year.
Noncompete clauses, widely used in the tech industry, keep employers from freely changing to similar jobs or starting a business in the same field. The result is that workers must often stay in jobs they don't want, switch to a lower-paid position, relocate, or defend against costly litigation. "An estimated 30 million workers — nearly one in five Americans —are subject to a noncompete," according to the FTC.
Companies must now cancel existing noncompete clauses and notify employees about the change. The ruling applies to most employees and future hires, but current deals with senior executives still apply on the grounds that such agreements are likely to have been agreed upon by both parties.
Employee Agreements Clauses Noncompete
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