The US Federal Trade Commission (FTC) recently announced a ban on non-competition clauses in employment contracts, stating that such clauses in existing contracts are now deemed invalid. This decision has been welcomed by US President Joe Biden, who believes that workers should have the freedom to choose jobs that offer better pay and working conditions.
In Israel, non-compete clauses are considered illegal and not recognized by the courts, with a few exceptions. This move by the FTC may have significant implications for the labor market and worker rights across the country.
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Overall, the recent decision by the FTC to ban non-competition clauses in employment contracts has sparked a discussion about worker rights and job mobility. It will be interesting to see how this decision impacts the labor market and whether other countries will follow suit in the future.
