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“Despite a strong job market, we’ve seen inflation come down. So it’s hard to square that with a strong job market causing inflation,” says Chris Becker, the senior economist at the Groundwork Collaborative.
Chris Becker, senior economist at Groundwork Collaborative: “But the labor market is the wrong target for the Fed because workers and their wages have not driven inflation – supply disruptions and corporate profits have. Additional rate hikes will only edge…
Today’s monthly jobs report from the Bureau of Labor Statistics showed that the unemployment rate for Black women dropped to 4.2% – an all-time low.
And as more food companies are reaping the rewards of higher profit, it could result in your grocery prices staying at these inflation-driven levels for longer, says Chris Becker, a senior economist at Groundwork Collaborative, which promotes left-leaning economic policies.…
One of the strongest labor markets in history has remained steadfast in the face of the Federal Reserve’s aggressive interest rate hikes.
Yesterday, the Consumer Financial Protection Bureau announced new guidance, providing a framework for identifying and cracking down on abusive corporate practices.
As an economist and a journalist who rely on data and evidence, we are in no way reflexively skeptical of the use of numbers. We would not condemn models per se, any more than we would condemn a calculator or…
Mabud & Dayen: “Though economists may not want you to believe it, the assumptions they build into their models are actually embedding a perspective about the economy.”
Critics like Rakeen Mabud, chief economist at left-leaning The Groundwork Collaborative, believe such moves will only increasingly shut out the less economically fortunate. “As products get more expensive and companies are focused more on the wealthier segments of our population…
Those who are most impacted by recessions see really long-lasting and devastating consequences,” said Lindsay Owens, the executive director of the liberal think tank Groundwork Collaborative. “They never regain the same level of lifetime earnings or wealth.”