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The Federal Trade Commission (FTC) has made a significant move by banning noncompete agreements, a decision that could impact millions of workers across various industries. The FTC's decision comes in response to concerns raised about the impact of noncompete agreements on employee mobility and competition within the job market.
Noncompete agreements have been a common practice in the U.S., covering approximately 18% of the workforce, equivalent to about 30 million individuals. These agreements typically restrict employees from working for competitors or starting competing businesses after leaving their current. . .
