The US Federal Trade Commission is weighing restrictions on many non-compete agreements in employment contracts. These clauses dissuade workers from switching jobs and impact roughly one in five Americans—including physicians, hair stylists, even fast food workers.

Bloomberg reporter Leah Nylen joins this episode to explain the FTC’s efforts to dial them back. And reporters Jo Constantz and Josh Eidelson, and White House editor Mario Parker, talk about how non-competes became a way for companies to freeze employees in place—and how the move to restrict them is part of a larger push by the Biden administration to bolster workers’ rights.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

The US Federal Trade Commission is weighing restrictions on many non-compete agreements in employment contracts. These clauses dissuade workers from switching jobs and impact roughly one in five Americans—including physicians, hair stylists, even fast food workers.
Bloomberg reporter<a href="https://www.bloomberg.com/authors/AVvaSJbjmc4/leah-nylen"> Leah Nylen</a> joins this episode to explain the FTC’s efforts to dial them back. And reporters <a href="https://www.bloomberg.com/authors/AVmRsrsd4aU/jo-constantz">Jo Constantz</a> and <a href="https://www.bloomberg.com/authors/AR41B2NsK10/josh-eidelson">Josh Eidelson</a>, and White House editor <a href="https://www.bloomberg.com/authors/AG-4YpEKlxM/mario-parker">Mario Parker</a>, talk about how non-competes became a way for companies to freeze employees in place—and how the move to restrict them is part of a larger push by the Biden administration to bolster workers’ rights.
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Washington Takes Aim At Those Hated Non-Compete Agreements

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/ac2e9ba1-d2c5-4a0a-a20a-afcb01670143/transcript

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