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.

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Corporate profit bonanza

According to an analysis from the Groundwork Collaborative, "corporate profits drove 53 percent of inflation during the second and third quarters of 2023 and more than one-third since the start of the pandemic." In the four decades prior to the pandemic, corporate profits contributed to just 11% of price increases.

April 2, 2024 Popular Information
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‘Let Them Eat GDP Reports’: 44 Million Americans Are Food Insecure

"It's one thing for corporations to pass reasonable increased costs to consumers. It's another for them to line their coffers by exploiting Americans who are just trying to get by," the Groundwork Collaborative's Liz Pancotti said in January, as the group released a related report. "It's time to rein in corporate price gouging—or families will continue to pay the price."

April 1, 2024 Common Dreams
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Adults need to earn $90K to live comfortably in Minneapolis, survey claims

Until the steadily rising costs of the essentials are addressed, the cost of living will keep ticking up for families in Minnesota and around the country, said Rakeen Mabud, chief economist at Groundwork Collaborative, an economic think tank.

March 29, 2024 Star Tribune
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Corporate profits are booming. Biden wants that to be a campaign issue

A recent report from a left-leaning group called Groundwork Collaborative, which is associated with the Massachusetts Senator, calculated that corporate profits drove 53% of inflation from April to September 2023.

March 29, 2024 Yahoo! Finance
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Ways to deal with Seattle grocery store sticker shock

According to a report from the Groundwork Collaborative, a progressive Think Tank, outsized corporate profits are driving more than half of grocery inflation.

March 28, 2024 My Northwest News
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Groundwork’s Lindsay Owens on Corporate Profits Data

“Even as supply chains have normalized and input costs have fallen, corporations are still padding their profits on the backs of families. Falling inflation has been a welcome sight, but it has more room to fall if corporations stop their excessive profiteering.” Groundwork's Lindsay Owens on new data showing that domestic nonfinancial corporate profits increased $136.5 billion in Q4, compared with an increase of $90.8 billion in Q3.

March 28, 2024 Groundwork Collaborative
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Corporate Greed Responsible For Massive Price Hikes Americans Believe

Recent analysis suggests that corporate profits have significantly contributed to inflationary pressures, with an estimated 53 cents of every dollar of price increases attributed to profits in recent economic quarters. This perspective, supported by the Groundwork Collaborative, highlights the substantial role of corporate profit margins in the inflation narrative​​.

March 27, 2024 MSN
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Federal Reserve expected to cut rates, lift Biden’s prospects

Lindsay Owens, head of the Groundwork Collaborative, a progressive Washington think tank, is skeptical that it will. With the unemployment rate low, the economy growing at a strong pace and inflation still a concern, the Fed will cut rates too slowly to aid Biden all that much politically, she said. "We're in a 23-year-high interest rate environment and getting another 25-basis point cut or two before November doesn't change the fact that mortgage rates are going to be high," Owens said.

March 25, 2024 Reuters
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Is Walmart screwing customers? Former Secretary of Labor says so

According to The Guardian, a report, compiled by the progressive Groundwork Collaborative thinktank, found that corporate profits accounted for more than half of inflation during last year’s second and third quarters. In the 40 years prior to the pandemic, profits drove just 11% of price growth, the report said.

March 24, 2024 NJ Advance Media
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Are Inflated Prices Due to Corporate Greed? This Report May Tell Us

I want to get into a bit of the nitty-gritty here with you and start with this gap that has started to open up between the Consumer Price Index CPI and the Producer Price Index PPI, which think tanks like Groundwork Collaborative and others, they say it shows that inflation is being driven by companies raising prices or as some of them refer to it, corporate greed.

March 24, 2024 The Wall Street Journal
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