The Federal Trade Commission banned non-compete clauses in employee contracts on Tuesday. Write a 4 to 5-page (double-spaced, 12-point font, Calibri or Times New Roman) paper explaining what the ban is and the economic arguments for and against the ban. Conclude your discussion by providing your position, and an explanation, on the non-compete ban.
Many others have studied the economic effects of non-competes. Gather evidence to use in your explanation from at least five other reliable sources. For example, peer-reviewed journal articles are the gold standard and reliable news outlets are good. Do not use Wikipedia or janky blogs.
Non-compete clauses are contracts that restrict employees from working in similar professions or starting similar businesses within a certain geographic area for a specified period after leaving a job.
You’ll need to find reliable sources that explain the specifics of the FTC’s ban. Look for the rationale the FTC provided for the ban, including any statements or documents they might have released. Official government websites and major news outlets are good starting points.
You will need to find scholarly articles and reliable news articles that discuss the economic arguments for and against non-compete clauses. Here are some points to consider in your research:
Arguments For Non-Compete Clauses:
-Protection of trade secrets and investment in employee training.
-Reducing turnover and ensuring stability within companies.
Arguments Against Non-Compete Clauses:
-Restriction on labor mobility and suppression of wage growth.
-Potential stifling of innovation and entrepreneurship.
Use APA format for citations. double-spaced, 12-point font in Calibri or Times New Roman
