-

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 Vassallo
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

Jack Perry says he asked for and was denied AEW release

Bryan Alvarez from F4WOnline.com is reporting that Jack Perry asked for his AEW release but his request was denied...

New sports betting opportunities in the Mostbet app

The Mostbet app allows you to play gambling entertainment and make predictions on various sports without being tied to...

Additional tickets released for WrestleMania 40

WWE released additional tickets for WrestleMania 40 Saturday and Sunday as ticket demand remains pretty solid. For WrestleMania Saturday, the...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading