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The Inflation Reduction Act fulfills an important social principle. As @mtomasky puts it: "It establishes the prin… https://t.co/5C6DCbpG3R
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- 8/9/2022LATEST NEWS
Quartz: The US labor market has fully recovered from covid, adding 528,000 jobs in July
While the positive numbers alleviate recession fears, economists are still concerned that policymakers at the US Federal Reserve will crush the historic gains the labor market made during the pandemic by raising interest rates to a level that increases unemployment. Cementing those gains would require that Congress create a fairer tax code and invest in workers, healthcare, and the climate, said Rakeen Mabud, chief economist at the Groundwork Collaborative.
Groundwork’s Dr. Rakeen Mabud Previews July Jobs Numbers
Ahead of tomorrow’s July Jobs Report, Dr. Rakeen Mabud, chief economist and managing director of policy and research at the Groundwork Collaborative, released the following statement: “Workers are counting on our leaders to build on the historic labor market recovery over the last year – and cement the gains we have already made. That starts with a fairer tax code and public investment in workers, climate, and health care – key components of the Inflation Reduction Act. It’s time for our leaders to listen to economists and the public and pass this important legislation into law.” To speak to Dr. Mabud about what to expect in the July Jobs Report, email press@groundworkcollaborative.org...
Vox: Would the Inflation Reduction Act actually reduce inflation?
Rakeen Mabud, chief economist of the Groundwork Collaborative: The first thing to say is that big public investments, like those contained in this bill, are good for the economy, full stop.