As a result, farmers’ share of the value of their agricultural products has decreased, and poultry farmers, hog farmers, cattle ranchers, and other agricultural workers struggle to retain autonomy and to make sustainable returns. Farmers are squeezed between concentrated market power in the agricultural input industries-seed, fertilizer, feed, and equipment suppliers-and concentrated market power in the channels for selling agricultural products. And, while many occupational licenses are critical to increasing wages for workers and especially workers of color, some overly restrictive occupational licensing requirements can impede workers’ ability to find jobs and to move between States.Ĭonsolidation in the agricultural industry is making it too hard for small family farms to survive. 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. A 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. 36987, provided: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: Promoting Competition in the American EconomyĮx. ![]() 108–237, was transferred to section 7a–2 of this title.Įx. 1276, which provided rights, authorities, and liabilities not affected by sections 211 to 215 of Pub. 1275, which provided limitation on recovery, was transferred to section 7a–1 of this title. 108–237, was transferred to section 7a of this title. 742, which defined terms for sections 211 to 215 of Pub. 742, with continuity provision for markers and agreements existing on or before June 22, 2020. ![]() 108–237, with exceptions, was repealed by Pub. ![]() ![]() 1275, which provided a sunset date for sections 211 to 214 of Pub. Antitrust Enforcement Enhancements and Cooperation Incentives
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