07/08/2021

President Biden's Upcoming Order to Focus on Job Market

It will rein in non-compete clauses and make switching jobs easier

President Joe Biden will issue a forthcoming executive order that calls on the Federal Trade Commission to adopt rules to curtail worker non-compete agreements, part of a broader set of executive actions aimed at increasing competition in the marketplace.

The order is expected to be signed and released in the coming days, and it will fulfill Biden’s “campaign promise to promote competition in labor markets,” White House press secretary Jen Psaki said Wednesday.

In a related action, Biden will call on the FTC to ban “unnecessary” occupational licensing requirements, Psaki said.

Please select this link to read the complete article from CNBC.