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The Federal Trade Commission (FTC) estimates that noncompete agreements may cause workers to lose nearly $300 billion annually. These agreements not only depress wages for those directly affected but also impact other workers. The FTC has proposed a federal ban on noncompete clauses, akin to some states that have already made them unenforceable. This ban is expected to benefit workers by prompting companies to adopt more innovative retention strategies. Noncompete clauses limit workers from joining competitors after leaving a company, as illustrated by an Amazon noncompete agreement from 2018, which outlines a waiting period before an employee can transition to a rival firm.