In the News
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
Scott Lincicome, Cato Institute vice president of general economics, and Lindsay Owens, Groundwork Collaborative executive director, join 'Squawk Box' to discuss the state of the U.S. economy ahead of new inflation data later this week, the Fed's inflation fight, rate path outlook, and more.
"Congressional Republicans aren't hiding the ball. They want to eviscerate funding for programs working families rely on and they are willing to shut down the government to do it," said Groundwork Collaborative executive director Lindsay Owens, a member of the ProsperUS coalition, in a statement.
“Tomorrow’s jobs report is poised to show the 23rd straight month of unemployment below 4% – a feat not achieved in decades. This data makes it clear: It’s time for Powell to course correct and pivot to rate cuts immediately or risk leaving workers and families out to dry."
“The data is very clear at this point that we have supply shock-driven inflation which isn’t at all surprising given that we just had an unprecedented global pandemic event.”
"We have a fantastic labor market, we have rapid disinflation, and we have wages that are starting to pick up and keep pace with inflation again, and this massive wave of worker organizing and strikes and bargaining, and all of those are really great signs for American workers and families," said Kitty Richards, a former U.S. Treasury official and senior strategic adviser to the nonprofit Groundwork Collaborative.
“Astronomical corporate profits confirm what corporate executives have been telling us on earning calls over and over again: They’re making a lot of money by charging people more, and they don’t plan on bringing prices down anytime soon,” the Groundwork Collaborative’s chief economist Rakeen Mabud said.
“Looking back on this year, we can now dispense with the myth that the only way to bring down prices is by sticking it to workers with layoffs and pay freezes."
And the Department of Labor is encouraging new ways for workers to be heard in the data that informs businesses and policymakers — including by signing a Memorandum of Understanding to work with the Groundwork Collaborative as they develop a new data source, the Worker Sentiment Survey — to capture workers’ experiences of the labor market and in the workplace.
The public overwhelmingly opposes further cuts and favors more investment in critical non-defense discretionary (NDD) programs.
During a press briefing at 4 p.m. today, leading economic experts called on Chair Powell and the Fed to cut rates immediately to avert serious harm to workers and families.