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.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.