Powerful companies require workers to sign non-compete agreements that restrict their ability to change jobs. Federal Government inaction has contributed to these problems, with workers, farmers, small businesses, and consumers paying the price.Ĭonsolidation has increased the power of corporate employers, making it harder for workers to bargain for higher wages and better work conditions. Yet over the last several decades, as industries have consolidated, competition has weakened in too many markets, denying Americans the benefits of an open economy and widening racial, income, and wealth inequality. Robust competition is critical to preserving America’s role as the world’s leading economy. And for consumers, it means more choices, better service, and lower prices. For entrepreneurs, it provides space to experiment, innovate, and pursue the new ideas that have for centuries powered the American economy and improved our quality of life. For small businesses and farmers, it creates more choices among suppliers and major buyers, leading to more take-home income, which they can reinvest in their enterprises. For workers, a competitive marketplace creates more high-quality jobs and the economic freedom to switch jobs or negotiate a higher wage. The American promise of a broad and sustained prosperity depends on an open and competitive economy.

Get Involved Show submenu for “Get Involved””īy the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to promote the interests of American workers, businesses, and consumers, it is hereby ordered as follows:Ī fair, open, and competitive marketplace has long been a cornerstone of the American economy, while excessive market concentration threatens basic economic liberties, democratic accountability, and the welfare of workers, farmers, small businesses, startups, and consumers.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.

Capitalism ii merger