Breaking News

Santa Fe Network

The Official Student News Site of Santa Fe High School

Newspaper: The Howler
Broadcast: KSFN

Santa Fe Network

Santa Fe Network

Upcoming Events

No More Non Competes: The FTC’s Newest Ban

FTC Non-Compete Ban
Federal Trade Commission
FTC Non-Compete Ban

Possibly one of the most important and impactful decisions by the Federal Trade Commission(FTC) was issued last Tuesday on April 23. The FTC has officially banned entering into or enforcing any non-compete clause.

A non-compete clause is a common part of worker contracts that essentially prevents them from pursuing any jobs within the same field as their current job if the worker were to leave their current job. Currently, an estimated 18% of workers are under a non-compete contract. 

Non-competes often significantly limit a worker’s ability to go against their employer or their ability to choose their place of work. Once you sign a non-compete, you essentially lock yourself to the same job with the same company and you have no way of leaving this job if it poses issues or you no longer agree with the policies in place. 

The FTC’s decision to ban non-compete contracts will have a tremendous effect on the US workforce. Without non-compete clauses, workers will have greater negotiation power which will increase wages and give more freedom to workers.

Not only do workers have more negotiation power, but this decision will also create more market diversity in many different fields. With the absence of a non-compete, workers are now free to create their own businesses if they wish to not follow their current employer’s policies. Workers can now take their visions and ideas and put them to use instead of being shackled to a business owned by someone else.

This ban by the FTC is such a significant change to the US workforce. This ban makes working in the US more beneficial for the workers and it creates opportunity for market growth and diversity.


Leave a Comment
More to Discover
About the Contributor
Braxton Knapp
Braxton Knapp, Howler Staff Writer
Hi! My name is Braxton Knapp and I'm a senior at Santa Fe. I was born in Oklahoma, and I've lived my entire life in Edmond. I went to North for my Freshman year, but I didn't have much in common with the people there. I live with my grandma and my two sisters. I like to draw, play chess and video games. Board games are my favorite thing ever!!!

Comments (0)

All SFN News Picks Reader Picks Sort: Newest

Your email address will not be published. Required fields are marked *