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What Do Noncompete Agreements Mean for Lower-Wage Workers and the Economy?

Tuesday, May 16, 2023
What Do Noncompete Agreements Mean for Lower-Wage Workers and the Economy?

What Do Noncompete Agreements Mean for Lower-Wage Workers and the Economy?

Noncompete agreements have historically been applied to highly skilled workers and executives with access to company secrets and other proprietary information. But recently these contracts used more broadly, with as many as 38% of workers saying they've signed one at least once in their career. GAO's Tom Costa tells us more.