"Interest rates remain unaccountably high, continuing to put pressure on the well-being of the everyday people who keep our economy going." Rakeen Mabud explains why the Fed's high rates are counterproductive — and makes the case for cutting rates now.
Groundwork Collaborative
Civic and Social Organizations
Washington, District of Columbia 3,798 followers
Building an economy that works for all of us. #WeAreTheEconomy
About us
The Groundwork Collaborative is committed to advancing an economic vision for strong, broadly shared prosperity and true opportunity for all. Visit our website and follow us on Twitter @Groundwork.
- Website
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https://www.groundworkcollaborative.org/
External link for Groundwork Collaborative
- Industry
- Civic and Social Organizations
- Company size
- 11-50 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 2018
- Specialties
- Progressive Economic Policy, Strategic Communications, Research, Digital Strategy, Policy Engagement, Economic Think Tank, and Partnerships
Locations
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Primary
Washington, District of Columbia 20036, US
Employees at Groundwork Collaborative
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Matt Mazewski
Ph.D. Economist | Researcher | Writer | Economics Educator
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Kitty Richards
Fiscal and Economic Policy Expert, Former Director of State and Local Fiscal Recovery Funds
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Emily Erfani
Non profit operations and strategy leader
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Finn Storer
Senior Communications Manager at Groundwork Collaborative
Updates
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"What we don't want as for sellers of goods or services, to take advantage of people's desperation, to make a quick buck." With dynamic pricing schemes gouging consumers, North Carolina's law preventing gouging during severe weather is sadly necessary.
NC price gouging law in effect; Officials tout investments in power grid as state braces for storm
abc11.com
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NEW: Groundwork's Bilal Baydoun, MPP responds to the July jobs report, which shows the U.S. economy added 114,000 jobs last month and the unemployment rate ticking up to 4.3%: https://lnkd.in/e9eXwDWt
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Groundwork Collaborative reposted this
New from me in Otherwords: “Fundamentally, the coming tax debate is about who holds the reins in shaping our economy: megacorporations and their wealthy shareholders, or the everyday people who keep the economy humming. Next year is an opportunity for Congress to stand firm against the rich and powerful and build the economy that we want to see.” https://lnkd.in/epfmNVYg
Our Tax Code Rewards Corporate Price Gouging. Next Year, We Can Change That. - OtherWords
otherwords.org
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Groundwork Collaborative reposted this
This week, Nick and Goldy are joined by Lindsay Owens Owens, Executive Director of the Groundwork Collaborative, to discuss Groundwork’s recent reports on corporate profiteering and price gouging during and after the pandemic. Owens attributes the record increases in corporate profits over the last few years to growing corporate concentration and lack of competition. She argues that these two factors gave companies an unprecedented level of market power and, therefore, pricing power, which allowed them to exploit the supply chain crisis caused by COVID to drastically raise prices. Owens stresses the need for policy interventions to promote competition, transparency, and fair pricing in the market to ensure a more competitive and consumer-friendly economy. 🎧Listen at the following link or wherever you get your podcasts: https://lnkd.in/gN2UZVN6
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Let’s be clear: The Fed has all the data it needs to cut rates now — and it’s past time to deliver relief for the American people.
Fed likely to hold rates steady one last time as inflation fight finale unfolds
reuters.com
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As Lindsay A. Owens, PhD explained in her congressional testimony, the pandemic "gave companies the cover they needed to start rolling out mercenary pricing strategies they’d previously only dreamed of implementing." Everyday families have had enough.
Your food is more expensive – are US corporate profits to blame?
theguardian.com