Biden’s FTC Moves to Protect Apple, Google, Meta, and Microsoft with a Ban on Noncompetes
The Biden administration’s declaration that it will treat almost all noncompete provisions in employment agreements as illegal should be seen for what it is: sectional warfare and a giveaway to his wealthy supporters in Silicon Valley.
The Biden appointees Federal Trade Commission voted Tuesday to ban noncompete agreements for virtually all employees, from the hourly wage workers to the most senior company executives. The vote was strictly partisan, with the commission’s three Democrats favoring the ban and the two Republicans opposing it.
When the Federal Trade Commission (FTC) first began mulling a rule against noncompetes, many expected that it would be structured to cover only lower paid workers
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