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Federal Trade Commission

Applause For The FTC’s Ban On Noncompete Agreements

April 24, 2024 Heidi Shierholz, Economic Policy Institute. , , ,
Today, the Federal Trade Commission voted to issue a rule declaring that most noncompete clauses in employment contracts are unfair methods of competition. This is an important step toward fostering fair competition and empowering U.S. workers. Noncompete agreements are employment provisions that ban workers at one company from working for, or starting, a competing business within a certain period of time after leaving a job. These agreements are ubiquitous. EPI research finds that more than one out of every four private-sector workers—including low-wage workers—are required to enter noncompete agreements as a condition of employment.

How Effective Is The Government’s Campaign Against Hospital Mergers?

October 31, 2022 Allan Sloan and Carson Kessler, Pro Publica. , ,
In recent months, federal antitrust regulators have notched some notable achievements, blocking four hospital mergers. Those actions follow the announcement of a major change in antitrust philosophy, embodied by President Joe Biden’s executive order last year aimed at promoting competition. That order criticized hospital consolidation for the ways in which it has left “many areas, particularly rural communities, with inadequate or more expensive healthcare options.” Suddenly, antitrust regulators seem to have swagger. News articles have described the Federal Trade Commission, whose job is to stop anti-competitive behavior, as being “unleashed” under its aggressive new chief, Lina Khan. Republicans have responded with complaints of “radical” policies.

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