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Wages grew by just 0.2%, likely falling behind inflation as Iran war fuels price hikes.
Veteran oversight attorney Molly Claflin will lead Groundwork’s efforts to expose the corporate crimes, economic abuses, and rampant corruption that have raised prices and hurt working families.
For the fourth year in a row, Groundwork’s Executive Director Lindsay Owens has been named to Washingtonian magazine’s list of the “500 Most Influential People Shaping Policy” in Washington, DC.
Owens has called out Republicans for threatening to raise healthcare costs amid the government shutdown and has urged leaders to protect affordable coverage rather than drive prices higher.
A national heat rule could save up to 1,500 lives each year, but a patchwork of state standards and corporate resistance to stronger protections leave workers exposed.
“You cannot preach penny-pinching while making it harder for Americans to pay their grocery, utility and healthcare bills,” said Emily DiVito, senior adviser for economic policy at the left-leaning Groundwork Collaborative. “If Secretary Bessent is serious about advancing financial literacy, he should focus on lowering the cost of living for working families.”
Liz Pancotti: “I think the big headshot this morning was that right now, we are seeing prices rise much faster than incomes, specifically in groceries, in gasoline, and in health care. Those three price pressures for families are really crushing them and the Iran war is only going to make them worse.”
As grim as the state of inflation and stagnation are, the worst is yet to come.
Rising prices and stalling growth leaves Fed’s hands tied as the president’s mismanagement batters consumers and businesses alike.
Kitty Richards: “Those gas prices are then trickling through to everything that people buy: From clothes and crayons to airfare, food, and medicine. Anything that requires fuel or transportation is going to see a price increase. And that’s one of the reasons that we already have seen consumer prices on the whole rise.”