Groundwork on New Inflation Report: Companies Are Choosing to Keep Prices High – Despite Decreasing Costs

August 4, 2022

Groundwork on New Inflation Report: Companies Are Choosing to Keep Prices High – Despite Decreasing Costs

Ahead of tomorrow’s July Jobs Report, Dr. Rakeen Mabud, chief economist and managing director of policy and research at the Groundwork Collaborative, released the following statement:

“Workers are counting on our leaders to build on the historic labor market recovery over the last year – and cement the gains we have already made. That starts with a fairer tax code and public investment in workers, climate, and health care – key components of the Inflation Reduction Act. It’s time for our leaders to listen to economists and the public and pass this important legislation into law.”

To speak to Dr. Mabud about what to expect in the July Jobs Report, email press@groundworkcollaborative.org.