-

President Biden asks FTC to work on banning non-compete clauses

President Biden has asked the Federal Trade Commission to ban or limit non-compete contracts which would allow anyone to work immediately right after leaving a job or after getting terminated.

Non-compete clauses are part of WWE contracts, usually 90 days for main roster talent and 30 days for others at the WWE PC and NXT. AEW also has something similar but no one has jumped ship yet. The Biden Administration says that such contracts drive down the wages and makes it harder for employees to switch companies for better-paying jobs or conditions.

A sweeping ban of non-compete clauses would enable anyone to jump ship from one company to another without having to wait to show up at another workplace. Non-compete clauses are used mainly in the private sectors and the White House says that roughly half of the businesses use them.

Banning such clauses will be a tough task to accomplish though and will see quite a few resistance from businesses lobbies.

Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Latest betting odds for the 2021 Survivor Series

Tonight's Survivor Series will bring the curtain down on the 2021 WWE pay-per-view calendar and WWE hopes to go...

Impact rating for 11/18/2021

This week's Impact on AXS TV drew 129,000 viewers, up 50,000 viewers from last week's broadcast. This was the...

Zelina Vega recounts how McMahon apologized after she was cut from 9/10 Smackdown

In an interview with the UK-based talkSPORT ahead of tonight's Survivor Series, Zelina Vega discussed how Vince McMahon personally...
sports betting site betway