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WSJ Your Money Briefing

FTC’s Ban on Noncompetes: What It Means for Workers

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 26 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

The Federal Trade Commission has banned employers from using noncompete agreements to prevent workers from joining rival firms. WSJ reporter Lindsay Ellis joins host Ariana Aspuru to discuss when the rule will take effect and how it could reshape the job market. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:09.0

Back by popular demand, Net Suite is extended its one-of-a-kind flexible financing program for a few more weeks.

0:15.8

Head to Netsweet.com. Wall Street.

0:19.1

Here's your money briefing for Friday April 26. I'm Adiana Spoodoo for the Wall Street Journal,

0:28.0

filling in for J.R. Wayland. On Tuesday, the Federal Trade Commission passed a ban on enforcing non-compete agreements

0:37.9

for most employees.

0:39.9

Decisions that our agency makes materially shape and impact the lives of Americans in

0:44.6

countless ways and this rule in particular could affect workers livelihoods and

0:49.3

the viability of small businesses and startups. It's the first time in more than 50 years that the

0:55.2

FTC has issued a regulation like this. So what does it mean for employees?

1:00.3

Workers have said that they do expect more freedom to move between

1:05.0

positions or employers and just have more agency in their own careers.

1:11.0

We'll have more from Wall Street Journal reporter Lindsay Ellis, after the break. AI may be the most important new computer technology ever, but AI needs a lot of

1:31.6

processing speed and that gets expensive fast.

1:34.8

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1:47.0

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1:52.0

Take a free test drive of OI at oracle.com slash Wall Street.

1:56.0

Oracle.com slash Wall Street. A move this week by the Federal Trade Commission to ban non-compete agreements for employees

2:11.4

could reshape the job market.

2:13.0

W.S.J. Porter, Lindsay Ellis, joins me to discuss.

2:17.0

Lindsay, what would this ban entail?

...

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