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Analysis Shows How Corporate Profits Drive Inflation—Even as Business Costs Go Down

The answer, said economic justice think tank Groundwork Collaborative, is that high prices linked to the coronavirus pandemic were never just the result of higher labor and production costs—but were partially caused by corporations' deliberate price gouging.

January 18, 2024 Common Dreams

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The Beat with Ari Melber

Groundwork Collaborative Executive Director Lindsay Owens joins The Beat to shed light on inflation and discuss the role of corporate price gouging in high prices.

January 18, 2024 MSNBC

Press Release

New Groundwork Report Finds Corporate Profits Driving More Than Half of Inflation

“Inflation is coming down, but families are still feeling the pinch at the checkout line,” said Lindsay Owens, executive director of Groundwork Collaborative. “Even as supply chain snarls have receded and the U.S. economy has stabilized, our research finds that businesses continue to pad their bottom lines at the expense of American families.”

January 18, 2024 Groundwork Collaborative

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Inflation rose slightly in December as fight to tame prices continues.

Lindsay Owens, executive director of the Groundwork Collaborative, a left-leaning think tank, said the continued strength of the labor market and the persistence of housing inflation in particular suggest steep borrowing costs aren’t the perfect match for the current economic picture. She said, “We’re at great risk of higher for too long, at this point.”

January 11, 2024 The Washington Post

Press Release

Groundwork’s Lindsay Owens Reacts to Today’s CPI Report

“Housing is the last mile on inflation, and the only way to fight it is by increasing our housing supply. Instead, the Fed's high interest rates are making this crisis worse by forcing potential buyers back into the rental market and tanking the construction of new housing."

January 11, 2024 Groundwork Collaborative

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Why the December inflation report could push back Fed rate cuts

“Housing is the last mile on inflation and the only way to fight it is by increasing our housing supply. Instead, the Fed’s high interest rates are making this crisis worse by forcing potential buyers back into the rental market and tanking the construction of new housing,” Lindsay Owens, a director of the economic policy advocacy organization Ground Collaborative, said in a statement.

January 11, 2024 The Hill

Press Release

Groundwork’s Lindsay Owens Calls for Immediate Rate Cuts Ahead of CPI Release

“For as long as we've been tracking this inflation data, folks have been saying that the cure for inflation is unemployment. The big story from 2023 is that was false."

January 10, 2024

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The Fed needs to ‘get out of our way here’ and start rate cuts, says Groundwork’s Lindsay Owens

Scott Lincicome, Cato Institute vice president of general economics, and Lindsay Owens, Groundwork Collaborative executive director, join 'Squawk Box' to discuss the state of the U.S. economy ahead of new inflation data later this week, the Fed's inflation fight, rate path outlook, and more.

January 9, 2024 CNBC

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Progressives Say ‘Absolutely No Reason’ Dems Should Help GOP Eviscerate Key Programs.

"Congressional Republicans aren't hiding the ball. They want to eviscerate funding for programs working families rely on and they are willing to shut down the government to do it," said Groundwork Collaborative executive director Lindsay Owens, a member of the ProsperUS coalition, in a statement.

January 4, 2024 Common Dreams

Press Release

Bilal Baydoun Previews December Jobs Report

“Tomorrow’s jobs report is poised to show the 23rd straight month of unemployment below 4% – a feat not achieved in decades. This data makes it clear: It’s time for Powell to course correct and pivot to rate cuts immediately or risk leaving workers and families out to dry."

January 4, 2024 Groundwork Collaborative