Phone: (888) 889-9432

Executive Order May Create Sweeping Changes Impacting Compensation and Labor

On Friday, July 9, 2021, President Biden issued Executive Order 14036, Promoting Competition in the American Economy, spelling out 72 initiatives by more than a dozen federal agencies in an aim to address competition issues across the economy. The Administration’s view is that the current trend of corporate consolidation requires a whole-of-government approach to drive down prices for consumers, increase wages for workers, and facilitate innovation. The executive order also creates a White House Competition Council, consisting of multiple agencies and the Secretary of Labor, in order to coordinate a cross-agency response to unfair competition and cooperate in implementing the executive order. In this issue of Cowden Insights, we concentrate specifically on the executive order’s impact on compensation and labor.

Read Cowden Insights.