FTC Bans Non-Competes #doctor #physicianfinance #personalfinance #podcast #finance

The FTC voted on this law to get rid of non competes. It's not in its final form. I can assure you of that right from the time they publish it in the Federal Register. First of all, it's 120 days before the rule goes into effect. But in this case, there's a lot of people that are not very happy about this, maybe most notably the Chamber of Commerce, which is an association of employers because this is pretty clearly a loss for employers and a gain for employees in general, we think. And so it's going to go through some court cases. It wouldn't surprise me to see it go to the Supreme Court. In reality, it's probably one or two years before we really know how this is going to affect you. So don't go like changing something in your financial life, in your career, at your job because this thing just got passed, right? It's not in its final form.