Here's a story that affects 30 million Americans, including thousands of people in Kentucky.

Maybe you or someone you know couldn't take a new job with a competitor because of a non-compete clause in your contract.

The Federal Trade Commission just voted to ban most non-compete agreements in a non-compete agreement.

An employee can't immediately jump to a competing company.

It can affect everyone from corporate executives to people who work in sandwich shops.

It's estimated one in five workers is affected by this.

The Biden administration has been trying to stop non-compete agreements.

A TV broadcaster in Lexington tweeted she's been subject to non-compete throughout her career, saying, quote, They banned me from appearing on air at another station for six months to a year after I left my job.

I also had coworkers who weren't on air who had to sign them.

We could now see a similar situation to the transfer portal where employees can finally do the jobs they want when they want and get the salary they deserve.

So is there a downside to this?

What looks like a win for workers could hurt innovation across tech and science industries, according to a labor economist at the University of Kentucky.

So if you look at occupations where you're not dealing with trade secrets or the non-disclosure agreement basically just kind of has this this effect of reducing the mobility of the worker, then, you know, that could be harmful for those workers.

And getting rid of those types of nondisclosure agreements might be beneficial because it allows them to to move and earn comparable wages somewhere else where this could be potentially be somewhat harmful to the economy, as maybe in other types of position, particularly when you're dealing with maybe tech positions, scientific types of positions, where you're dealing with a lot of trade secrets, proprietary information, and that may be a very different story.

The US Chamber of Commerce has just filed a lawsuit against the rule.

The chamber told the New York Times that a ban on non-compete agreements would be, quote, a vast overhaul of the national economy and applies to a host of contracts that could not harm competition in any way.

The chamber also says the FTC does not have the authority to make this move.