SUB: LAW

"Noncompete clauses keep wages low, suppress new ideas, and rob the American economy of dynamism, including from the more than 8,500 new startups that would be created a year once noncompetes are banned," said FTC Chair Lina M. Khan. "The FTC's final rule to ban noncompetes will ensure Americans have the freedom to pursue a new job, start a new business, or bring a new idea to market." On April 23, 2024, the Federal Trade Commission (FTC) issued a Final Rule banning worker non-compete clauses in the United States. This landmark decision prohibits companies from limiting their employees' ability to work for rivals, potentially increasing competition and boosting wages. 1. Compare and contrast employees' and employers' issues regarding non-compete clauses in the selected jurisdictions. 2. Consider factors such as: a) Employee mobility and career development b) Protection of trade secrets and confidential information c) Impact on innovation and economic growth d) Enforcement challenges in a glghalised.workforce