Katie Porter: “Our economy thrives on competition and freedom. No employer should be able to block their workers from taking a better…”

“Our economy thrives on competition and freedom. No employer should be able to block their workers from taking a better job, but that is what noncompete contracts do. They strip Americans' freedom to work at the job that is best for them. As a result, workers are losing out on nearly $300 billion in wages every year. Companies stop incentivizing workers to stay because they don't need to. They are stuck. Noncompetes also drag down the entire economy, hurting even those of us who aren't covered by them. Everyone is harmed when wages are suppressed, innovation is stifled, and competition is prevented. I am thrilled that the Federal Trade Commission is ending this toxic practice. Banning noncompetes will promote the ideals our country was founded on--open markets, economic mobility, and the right to control one's own life. Madam Speaker, I commend this effort to make our capitalist economy more fair, free, and prosperous. Standing Up for Rental Market Fairness and Affordability”