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Press Release

Groundwork Calls for Rate Cuts Following Another Stellar Jobs Report

The first jobs report of 2024 from the Bureau of Labor Statistics shows the economy added 353,000 jobs and unemployment remained at 3.7%. "The data is very clear that we never had to sacrifice jobs for lower prices." Groundwork Collaborative’s Director of Policy and Research Bilal Baydoun states.

February 2, 2024 Groundwork Collaborative

Press Release

New Groundwork Report Reveals Key Drivers of Grocery Inflation and What Government Can Do About It

Groundwork Collaborative released a new report that identifies the underlying causes of recent grocery price inflation, including corporate profiteering, supply chain shocks, and climate change. The report also offers policy recommendations to reduce the risk of future grocery price spikes, such as investigating the use of slotting fees that require product manufacturers to “pay to stay” on shelves and scrutinizing anti-competitive mergers throughout the food supply chain.

February 2, 2024 Groundwork Collaborative

Mention

Biden Takes Aim at Grocery Chains Over Food Prices

The department also changed its calculations of federal food assistance benefits and adjusted them for inflation, effectively increasing the value of food stamps for many low-income Americans. Mr. Ramamurti and his co-authors, Elizabeth Pancotti and Clara Wilson, calculate those increases have more than outweighed the increased cost of groceries for 40 million families in recent years.

February 1, 2024 New York Times

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It’s Not ‘Inflation’ – We’re Just Getting Ripped Off. Here’s Proof

Corporate profits drove just 11 percent of price growth in the four decades prior to the pandemic. Businesses have been quick to blame rising costs on supply chain shocks from the pandemic and the war in Ukraine. But two years later, our economy has mostly returned to normal. In some cases, companies’ costs to make things and stock shelves have actually decreased.

January 31, 2024 Other Words

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How the U.S. Government Could Lower Food Prices for Everyone

“In the U.S., no such protections for farmers and grocery stores exist, allowing big companies like Pepsi to raise prices at any time and with little consequence,” said Lindsay Owens, the executive director of the Groundwork Collaborative, a progressive economic think tank in Washington, D.C.

January 29, 2024 Vice

Press Release

Groundwork’s Bilal Baydoun Calls Inflation Data “Recipe for Rate Cuts in March”

“Anyone who claimed we needed to cause a recession to bring down prices was wrong. We never had to choose between a strong economy and low inflation." Groundwork Collaborative’s Director of Policy and Research Bilal Baydoun states ahead of the first Federal Open Market Committee meeting of the year.

January 26, 2024 Groundwork Collaborative

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Soaring Profits, Grounded Planes

[The report] explains that while supply-chain snarls during the pandemic did in fact cause those early bursts of inflationary price increases in 2021, those snarls have dissipated and corporations are no longer paying higher prices for the raw materials that go into their products.

January 25, 2024 Medium

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Study: 53 cents of every dollar of inflation over the last 6 months is due to greed inflation

A new report examining the causes of inflation shows that corporate greed and rising CEO pay have caused costs to American consumers to become higher than necessary in recent months. The report from the progressive organization Groundwork Collaborative found that, in the last two economic quarters alone, 53 cents of every dollar of inflationary price increases was attributable to corporate profits.

January 23, 2024 BusinessNews

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Yep, all that ‘inflation’ is largely corporate greed

A new report compiled by think tank Groundwork Collaborative shows the inflation we continue to see across the country is mostly driven by corporate profits. According to their findings, “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.” To put that into perspective, only 11% of price growth in the previous 40 years (before the pandemic) was due to corporate profits.

January 22, 2024 Daily Kos

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Greedflation Accounts for 53 Cents of Every Dollar of Inflation in Past 6 Months

The report, from the progressive organization Groundwork Collaborative, found that, in the past two economic quarters alone, 53 cents out of every dollar of inflationary price increases were due to corporate profits. Since the start of the pandemic, corporate greed and profits accounted for close to one-third of all inflation, the group discovered — resulting in a phenomenon that is oftentimes called “greedflation.”

January 22, 2024 Truthout