When the Federal Trade Commission’s recent ruling takes effect in September, noncompete agreements will be over. Or will they?
In a new episode of the Cornell Keynotes podcast from eCornell, Cornell Law School professor Stewart J. Schwab and host Chris Wofford discuss the history of noncompetes and why the FTC might not have the final say.
The FTC estimates that one in five American employees are bound by noncompete agreements that impose time or location restrictions on their ability to pursue work with or create competitor companies. In April, the FTC issued a rule banning noncompetes with the intent to “generate over 8,500 new businesses each year, raise worker wages, lower health care costs and boost innovation.”
Will a court issue an injunction against the rule? Does the FTC even have the power to make the call on noncompetes?
Listen to Episode 34: “Are Noncompetes Really Dead?” and read more on the Chronicle.
Torie Anderson
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