That lack of competition drives up prices for consumers. This is true across healthcare, financial services, agriculture and more. industries, a smaller number of large companies now control more of the business than they did twenty years ago. Today, the President is building on this economic momentum by signing an Executive Order to promote competition in the American economy, which will lower prices for families, increase wages for workers, and promote innovation and even faster economic growth.įor decades, corporate consolidation has been accelerating. The economy has gained more than three million jobs since the President took office-the most jobs created in the first five months of any presidency in modern history. The economy is booming under President Biden’s leadership.
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