To understand why the Federal Trade Commission (FTC) feels so empowered to declare war on American business, it is helpful to look at how progressive organizations are pushing the Biden Administration to be even more extreme.
Exhibit A is a May 30 letter from eleven such organizations to the Chairman of the White House Competition Council. It urges the President to issue a sweeping executive order that would prohibit noncompete agreements at financial institutions, airlines, railroads, nonprofit healthcare systems, and many other businesses.
The signers support a similar, sweeping effort by the FTC to ban the agreements but are concerned “the FTC’s jurisdiction does not extend across the entire economy.”
Lexington Institute’s Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.
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