More than 30mn Americans are subject to non-compete agreements, which temporarily bar them from working for rival companies if they leave their jobs. These clauses were meant to protect trade secrets and client relationships at banks, tech companies, and similarly flashy organisations – but they now affect tens of millions of Americans, including in low-paid jobs. The US Federal Trade Commission last week voted to ban non-compete agreements – but will its decision stick? Isabel Berwick speaks to Amelia Pollard and Anjli Raval, who have covered the issue for the FT, to find out.
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Millions of workers are caught in a ‘non-compete’ trap
Employee non-compete agreements barred by US regulator
Ban on non-compete agreements sends shockwave across Wall Street
Presented by Isabel Berwick, produced by Mischa Frankl-Duval, mixed by Simon Panayi. The executive producer is Manuela Saragosa. Cheryl Brumley is the FT’s global head of audio.
Read a transcript of this episode on FT.com
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