Federal Trade Commission (FTC) Chair Andrew Ferguson said the FTC is creating a new task force to investigate corporate behavior that harms workers in ways that violate antitrust and consumer protection laws. Ferguson explained that “one of the ways we combat inflation is making sure that wages stay up,” adding that “one of the ways the FTC is going to focus on this very intentionally is making sure that unfair competition or deception or unfairness do not suppress Americans wages,” and stressing “this is going to be one of the top priorities of the Trump-Vance FTC.” Ferguson promised that the FTC will soon launch the “labor markets task force,” with mandates for the agency’s bureaus to work together in scrutinizing the issue, and he listed noncompete agreements, as well as no-hire and no-poach contracts, as areas of focus.
