Washington (AP) —The Biden administration is president to improve consumer and SME opportunities by increasing scrutiny of economic areas dominated by a small number of selected businesses, such as meat packaging companies and Internet service providers. I am preparing an order.
The order has not yet been finalized, but those familiar with the order have discussed the details on condition of anonymity that the comprehensive goal is to promote a sense of competition that the government believes is central to capitalism. Said. The order reflects concerns that electricity concentration will lead to higher prices and lower quality of service.
This order will instruct federal agencies to enforce existing rules to help competition. In some cases, this can mean breaking regulations that protect the power of large corporations. Two clear goals are to terminate non-competition contracts that limit the amount of money workers can earn by switching employers and working on the meat processing sector, which is primarily controlled by the four major companies. ..
This move can be controversial among conservative lawmakers who prefer less government intervention in the economy. However, some Republicans are opposed to non-compete obligations, and Florida Senator Marco Rubio submitted a bill in 2019 to end them for entry-level low-wage workers.
President Joe Biden did not keep his belief that concentration of corporate power could come at the expense of workers.
WH aims to help consumers by increasing business oversight. government. & Politics
Source link WH aims to help consumers by increasing business oversight. government. & Politics