FTC Bans Non-competes #accounting #accountant #accountingmajor #business #businesspodcast #podcast

Did you see the FTC's ruling that non-compete agreements are unlawful, they're banning non-competes that restrict job switching? Yeah, big deal, right? They issued a rule, they did it with a rule. It bans non-compete agreements which prevent employees from switching jobs, except for senior executives. And it's something like you gotta make more than $150,000 a year, I think, to count. This is the first time in over 50 years that the FTC has mandated a change affecting the entire economy.