A Ban on Noncompetes Could Raise Pay And Complicate Contracts In Hollywood Hollywood Reporter
News Source : Hollywood Reporter
News Summary
- The FTC on Tuesday voted to prohibit noncompete provisions in contracts, which could usher in a sea change to worker mobility and how companies structure contracts to protect proprietary information
- The average worker will see their pay increase by more than $500 per year under a regime in which they would be able to field competing offers from rival companies
Employers have been banned from adopting or enforcing clauses restricting workers ability to move to competitors, marking a pivotal change to the employment landscape that could improve working cond [+8105 chars]
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