Biden to sign executive order curtailing noncompete clauses

• The clauses are particularly challenging for people who cannot afford to go without work between jobs, Axios' Kia Kokalitcheva writes.

What they're saying: "[R]oughly half of private sector businesses require at least some employees to enter noncompete agreements, affecting over 30 million people. This affects construction workers, hotel workers, many blue-collar jobs, not just high-level executives," White House press secretary Jen Psaki said during a press gaggle.

• "[President Biden] believes that if someone offers you a better job, you should be able to take it. It makes sense," she added.

Psaki noted that the executive order will also attempt to limit "unnecessary occupational licensing requirements." She said that nearly 30% of jobs in the U.S. require a license, and while they can be important for health and safety concerns, "overly burdensome licensing can lock people out of jobs."

Go deeper: Workers locked down with noncompetes