Here are five key statistics on noncompetes to know:
1. Around 1 in 5 Americans, or 30 million people, are subject to noncompetes, according to a report from the FTC.
2. The FTC estimates that banning noncompetes would increase workers’ earnings between $250 billion and $296 billion per year.
3. Sixty percent of employed physicians were required to sign a noncompete when starting their jobs, according to a survey from NORC at the University of Chicago.
4. About 87% of physicians support the FTC’s proposal to ban noncompetes, according to a March poll conducted by Doximity.
5. Seven states in 2023 have taken action to target noncompetes: California, Connecticut, Indiana, Maryland, New Jersey, New York and Wisconsin.
