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... Read this story
