financetom
Economy
financetom
/
Economy
/
US regulator will probe DEI through new labor task force
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US regulator will probe DEI through new labor task force
Feb 26, 2025 2:51 PM

(Reuters) - The U.S. Federal Trade Commission will look into potential corporate collusion on diversity, equity and inclusion targets as part of a new labor market task force, the agency said on Wednesday.

Since taking office in January, President Donald Trump has sought to eliminate DEI efforts from American life. Corporations have faced a conservative backlash over practices aimed at redressing lower hiring, retention, and pay rates for members of racial minorities and other underrepresented groups. The Trump administration claims such practices are illegal.

Some major U.S. employers have abandoned DEI policies since Trump's election, including McDonald's, Target ( TGT ) and PepsiCo ( PEP ).

The FTC's labor task force will look at "collusion or unlawful coordination on DEI metrics, which may have the effect of diminishing labor competition by excluding certain workers from markets, or students from professional training schools, on the basis of race, sex, or sexual orientation," as part of its mandate, the FTC said.

The group will also examine a range of other practices that affect workers, including noncompete agreements, no-poach agreements, and fraud on franchisees. 

"Sadly, deceptive, unfair, and anticompetitive labor practices are widespread. They are as varied as they are unscrupulous. They affect workers in all types of industries," FTC Chairman Andrew Ferguson said in a memo creating the task force.

The effort shows some continuity between Ferguson's agenda and former Chair Lina Khan's, though Ferguson disagreed with Khan's bid to enact a broad noncompete ban.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
GST Council likely to consider single tax rate for online gaming, race courses and casinos
GST Council likely to consider single tax rate for online gaming, race courses and casinos
Oct 19, 2021
The GST Council is not keen at all to have two different rates of 18 percent and 28 percent based on the principle of a game of skill and a game of chance. The view is that two rates are prone to misuse
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Zoomed Out | Critical Minerals — why India's current strategy to become self-reliant is so vital
Nov 29, 2023
Internationally, there are genuine security concerns related to the criticality in building more diverse and dependable value chains for critical minerals, about their environmental and social sustainability, and technological challenges. While, India has taken the right steps for creating an ecosystem for accelerated exploration and production of critical and new age minerals, observes FICCI Mining Committee Co-Chair Pankaj Satija.
GST breather for gaming industry, casinos and racecourses operating in India
GST breather for gaming industry, casinos and racecourses operating in India
Oct 11, 2021
CNBC-TV18 has learnt that online gaming and casinos are likely to get goods and services tax (GST) relief. This breather will be welcome relief considering the recent GST enforcement action against these three industries.
JPMorgan has a new way to gauge its green progress
JPMorgan has a new way to gauge its green progress
Nov 15, 2023
As the largest energy banker, JPMorgan is a frequent target of criticism over Wall Street’s role in the climate crisis. At the same time, the bank is a leading US arranger of green bonds, making it vulnerable to Republicans seeking to protect the fossil fuel industry.
Copyright 2023-2025 - www.financetom.com All Rights Reserved