WE ARE THE ECONOMY
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Notes from the Ground is Groundwork’s biweekly newsletter on the latest economic issues, research, and events. Subscribe below!
The Groundwork Collaborative is dedicated to unifying progressives and activists in communities across the country to refine and advance a progressive economic worldview.
overwhelming majority of Americans (80%) -- including majorities of basically every major demographic -- say they believe more covid fiscal aid is necessary https://www.pewresearch.org/politics/2020/11/20/key-post-election-issues-the-pandemic-and-the-economy/
The CARES Act included relief that saved states from making painful cuts at a difficult time that has affected everyone, said @AngelaHanks. But with no new aid, “we are going to see states start to make some tough decisions about where they need to cut." https://finance.yahoo.com/news/states-bleeding-cash-as-pandemic-drags-on-with-no-stimulus-aid-in-sight-124623795.html
While the immediate targets of racism are unquestionably hurt the most, discrimination inflicts a staggering cost on the *entire* economy, reducing the wealth & income of millions, including many who don't view themselves as victims, writes @drlisadcook. https://www.nytimes.com/2020/11/18/business/racism-impoverishes-the-whole-economy.html
You've probably heard the word #austerity used a lot recently and you'll probably hear it more in the coming months.
@Marketplace explores what you need to know about austerity—with insight from @JWMason1 and @HBoushey: http://bit.ly/2IZSpBy
“This chart shows that additional stimulus is as urgent as ever,” @AngelaHanks told @YahooFinance.
"We're still facing a crisis on a number of fronts. … Ultimately, it’s only the federal government that’s going to be able to solve them." https://finance.yahoo.com/news/states-bleeding-cash-as-pandemic-drags-on-with-no-stimulus-aid-in-sight-124623795.html
12 million workers will lose their federal unemployment benefits on the day after Christmas unless Congress acts to #ExtendUI—but even more Americans will exhaust their benefits before then.
We need #ReliefNow.
https://tcf.org/content/report/12-million-workers-facing-jobless-benefit-cliff-december-26/
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We are still in a crisis.
The #COVID19-induced recession is nowhere near over, and certain groups, including Black women, are experiencing the brunt of it.
"Congress is set to cut off 12 million Americans from the only thing holding them back from falling into financial wreckage and disaster," says @pelhamprog of @TCFdotorg. https://www.npr.org/2020/11/19/936329130/12-million-to-lose-jobless-benefits-the-day-after-christmas-unless-congress-acts
How can we produce economic gains that raise living standards for everyone? In my first column for the @nytimes, I provide evidence that eliminating racism could make us all better off.
Racism Impoverishes the Whole Economy https://www.nytimes.com/2020/11/18/business/racism-impoverishes-the-whole-economy.html?smid=tw-share
So many "experts" start from the false premise that helping people hurts the economy.
It's so strange.
I talked to @aarthiswami about what happens if states and localities don't get additional economic relief. Spoiler: it'll be really bad https://finance.yahoo.com/news/states-bleeding-cash-as-pandemic-drags-on-with-no-stimulus-aid-in-sight-124623795.html?guccounter=1
OUR PRINCIPLES
We believe that taking action under these guiding principles will benefit all of us.
IF PEOPLE AREN’T DOING WELL, THE ECONOMY ISN’T DOING WELL
THERE IS NO SINGLE SOLUTION
RACE AND GENDER ARE CENTRAL
The Groundwork Collaborative’s mission is to advance an economic vision for strong, broadly shared prosperity and true opportunity for all.
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Notes from the Ground is Groundwork’s biweekly newsletter on the latest economic issues, research, and events. Subscribe below!