Zevin Asset Management and the Interfaith Center on Corporate Responsibility, on behalf of investors representing $436 billion in assets under management and in partnership with the American Economic Liberties Project, submitted a letter to the Federal Trade Commission (FTC) vocalizing our support of the FTC’s proposed ban on noncompete agreements.
We believe an inclusive labor market is integral to corporate long-term value. By removing a barrier to job mobility and bargaining power for higher wages, a ban on noncompetes could increase workers’ earnings by nearly $300 billion annually. A ban on noncompetes across the country by the FTC would be a powerful and comprehensive way of making the economy more dynamic, innovative, and equitable.
Read our response to the FTC’s request for comment to learn more.