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.
Trump’s war in Iran drags on with no end in sight, while new tariffs have already hit supply chains
The thinktank Groundwork Collaborative noted that in 2024 in the U.S. "...prices for consumers rose by 3.4% over the past year, but input costs for producers increased by just 1%, according to the author's calculations, which were based on data from the Bureau of Economic Analysis and National Income and Product Accounts."
The cost of a typical list of 21 basic school supplies rose 7.7 percent year over year, bringing the average basket total to $173.45 per student, according to a report by the Century Foundation and Groundwork Collaborative, both of them progressive economic and public policy think tanks.
"A K-shaped economy is generally described as one economy with two different experiences, depending on your income," Breyon Williams, chief economist at the progressive think tank Groundwork Collaborative, said in an email. "Top-income households pull away, seeing faster growth in spending, income and wealth, while lower-income households see slower growth in those areas."
Michael Strain, AEI Economic Policy Studies director, and Kitty Richards, Groundwork Collaborative senior fellow and former Biden Treasury official, join 'Squawk Box' to discuss July's CPI data, state of the economy, the Fed's rate outlook, and more.
Two-thirds of workers say AI will damage the workplace, according to a poll from the Groundwork Collaborative, a progressive economic-policy think tank. The technology will either lead to layoffs or put more pressure on workers to produce more, the two-thirds said.
Among those who presented testimony at the hearing was Lindsay Owens, Groundwork Collaborative and author of the soon-to-be-released book, Gouged: The End of a Fair Price–and What That Means for Your Wallet; Robert Hedges, Former Chief Data Officer at Visa and Digital Fellow at MIT; and Hillary Caron of United Food and Commercial Workers International Union.
The average basket of 21 essential school supplies costs $173.45, a 7.7% increase from last year, according to an analysis by Groundwork Collaborative and The Century Foundation cited by Times of San Diego.
"Today's report shows a patchwork economy that is fraying at the seams," said Breyon Williams, chief economist at Groundwork Collective. "Trump's economic mismanagement has injected so much uncertainty into the economy that employers are not confident enough to add more people, but also have not initiated massive layoffs, creating a frozen job market where those with jobs are afraid to leave them and those without are stuck on the sidelines."
Economy lost 23k jobs; Labor force participation drops to lowest level in five years.