The Federal Trade Commission (FTC) is getting sued by the Chamber of Commerce and several business groups over banning non-compete agreements. They usually prevent a person from working in the same industry or starting a competing business for some time after leaving a job. The FTC calls these agreements unfair, but some say the contracts protect trade secrets and encourage competitiveness. The rule is to take effect in August.
For insight, NTD’s David Lam spoke with Vance Ginn, president of Ginn Economic Consulting. Mr. Ginn also served as chief economist for the White House Office of Management and Budget.
