meta_pixel
Tapesearch Logo
Log in
The Journal.

Could This Be the End of Noncompetes?

The Journal.

The Wall Street Journal

Business News, Daily News, News

4.25.8K Ratings

🗓️ 13 January 2023

⏱️ 19 minutes

🧾️ Download transcript

Summary

The Federal Trade Commission wants to ban noncompete clauses in employment contracts. WSJ's Lauren Weber explains what these clauses are, the surprising number of workers they might affect, and how businesses are reacting. Further Reading: - Noncompete Clauses: What They Are and What to Know Before Signing Your Contract - FTC Proposes Banning Noncompete Clauses for Workers - The Noncompete Clause Gets a Closer Look Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Think back to the last time you started a job and had to sign a contract, how closely

0:10.6

did you read what you were signing?

0:13.1

The contract might have contained something called a non-compete agreement.

0:18.8

Companies use these agreements to stop workers from leaving one job and taking confidential

0:23.2

information to arrival.

0:25.4

Our colleague Lauren Weber covers workplace issues.

0:28.8

Have you ever had an employer try to put a non-compete on you and your employment contract?

0:34.6

You know, the scary thing is I don't even know because this is what happens with a lot

0:38.6

of workers.

0:40.1

You go in on the first day of work, you're handed a bunch of paperwork by your HR representative

0:46.2

and often we sign things without reading through the whole thing, reading the fine print.

0:51.6

So I frankly don't even know the answer to that.

0:55.2

I agree with you.

0:56.2

I can't say for sure.

0:57.3

You know, I've gotten proprietary training that the journal has provided that I could go

1:02.5

and share at other places, but it's not common in journalism and I'm grateful for that.

1:08.8

Let's not give our employer any ideas.

1:13.9

True.

1:16.9

Non-compete agreements affect a lot of people.

1:19.7

The Federal Trade Commission says that as many as one in five workers has one and studies

1:24.8

show they can have a negative impact on employees by locking them into jobs and suppressing their

1:29.9

wages.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Wall Street Journal, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Wall Street Journal and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.