August 21, 2024: Judge Blocks FTC's Ban on Non-Compete Agreements, RFK Jr.'s VP Discusses Dropping Out and Joining Trump, U.S. Has 818,000 Less Jobs Than We Thought, and More.
UNBIASED Politics
Jordan Berman
4.8 ⢠2.5K Ratings
đď¸ 21 August 2024
âąď¸ 18 minutes
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| 0:00.0 | Welcome back to Unbias. |
| 0:02.0 | Your favorite source of Unbias News and Legal Analysis. |
| 0:06.0 | Welcome back to Unbias. |
| 0:08.0 | Today is Wednesday August 21st and this is your daily news rundown. |
| 0:12.0 | Let's get right into today's stories and start |
| 0:14.9 | with a story that came out yesterday, but after yesterday's episode was released |
| 0:19.0 | and that is a federal judge in Texas has barred the FTC's new ban on non-compete agreements from taking effect. |
| 0:28.0 | Notably, this judge is not the only judge that's weighed in on this new rule at this point. So let's back up just a little bit. As we know, the Biden administration |
| 0:36.7 | issued a final rule in May, which was set to take effect next month that bans non-compete agreements in the workplace. |
| 0:45.0 | The FTC commissioners voted to pass the rule because they said that the non-compete agreements |
| 0:50.4 | are an unfair restraint on competition, |
| 0:53.3 | and they violate antitrust law and suppress workers' wages, |
| 0:57.3 | as well as workers' mobility. |
| 0:59.5 | Following the issuance of that rule, |
| 1:01.3 | multiple lawsuits were brought across the country, one in Florida, |
| 1:05.2 | one in Texas, and one in Pennsylvania. |
| 1:08.2 | In July, a judge in Pennsylvania upheld the FTC's rule, finding that the FTC reasonably concluded that |
| 1:16.5 | non-competes are rarely justified. |
| 1:19.6 | Then last week, a judge in Florida ruled that the FTC's ban was likely invalid and prohibited |
| 1:25.6 | a non-compete from applying to a real estate developer. |
| 1:29.5 | But most recently, yesterday, a judge in Texas barred the FTC's ban from taking effect nationwide. |
| 1:35.7 | The other two cases were different in that they were standalone cases. |
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