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The Federal Trade Commission (FTC) estimates that nearly $300 billion in wages could be lost annually due to noncompete agreements, affecting not only those directly bound by them but also other workers. The FTC has proposed a federal ban on these clauses, aligning with states that have already deemed them unenforceable. This move is believed to benefit workers and compel companies to explore new strategies to retain employees. Noncompete agreements restrict workers from joining competing firms for a specified duration after leaving. The proposal's implications for both workers and businesses, along with potential challenges, are discussed further.