1 week ago
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The Federal Trade Commission issued a new rule Tuesday imposing a nationwide ban on noncompete agreements that prevent employees from quitting their jobs and going to work for “competitor” companies. The rule doesn’t go into full effect for 120 days, but existing noncompetes are now unenforceable for most workers.
Also on Tuesday, the Department of Labor issued a new rule requiring mandatory overtime pay for an estimated 4 million salaried workers. Employees earning under $58,700 a year will now collect overtime when they work more than 40 hours a week.
Both rule changes illustrate how the Biden administration is constantly standing up for workers’ rights in ways that improve their ability to seek the best position and be fairly compensated for their labor. They also show why President Joe Biden is gathering support among unions while becoming the target of attack by business organizations.
