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.

Mention

Hundreds of Thousands of Workers Hired in January, Smashing Expectations

"Today's stellar jobs report marks two straight years of unemployment below 4 [percent] and 18 months of cooling inflation, an achievement many economists did not think was possible," Bilal Baydoun, director of policy and research at think tank Groundwork Collaborative, said. "The data is very clear that we never had to sacrifice jobs for lower prices."

February 2, 2024 Newsweek
Mention

5 takeaways from a stunning January jobs report

However, progressive economists are still doubling down on interest rate cuts and hoping central bankers will heed the call. “High interest rates will only slow our clean energy transition and put families in more debt. Chair Powell must change his tune and cut rates in March,” Groundwork Collaborative research director Bilal Baydoun said in a Friday statement.

February 2, 2024 The Hill
Mention

A strong jobs report complicates Jerome Powell’s political dilemma as 2024 election nears

In one sign the leftward pressure is unlikely to abate, Bilal Baydoun of the Groundwork Collaborative reacted to Friday's jobs number by reiterating his call for immediate cuts. "The data is very clear that we never had to sacrifice jobs for lower prices," he wrote in a statement. His group is closely aligned with liberal figures like Warren.

February 2, 2024 Yahoo! Finance
Mention

Fed heralds wage growth slowdown, but Minnesota workers aren’t celebrating

With its 2% inflation target in sight, the Fed has predicted three quarter-point rate cuts this year. Lindsay Owens, executive director at the Washington D.C.-based nonprofit Groundwork Collaborative, said she would like to see those cuts happen as soon as possible, and for the central bank to take a fresh look at what has caused inflation to rise and fall.

February 2, 2024 Star Tribune
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
Mention

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
Mention

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
Load More