27:
486:
139:, that, according to its website, works to "change economic policy and narratives to build public power, curb private power, and create an economy that works for all of us." The organization is best known for research, analysis, and media commentary on economic issues, such as inflation, student debt, housing, and the U.S. labor market.
182:'s “Most Influential People Shaping Policy” list, noting that “Owens is known in media circles for her skills in communicating ways to better understand inflation and corporate profiteering.” The organization was founded in 2018 by Michael Linden. Linden also served as the executive associate director at the
312:
as a featured guest and panelist to discuss why
Groundwork believes the Federal Reserve's policies are misguided and how corporate profiteering is driving inflation. Likewise, Mabud has been publicly critical of the Federal Reserve, arguing its actions will cause job losses and an economic recession
307:
op-ed where she criticized the hiking interest rates of interest rates to slow the economy, calling them a "a blunt policy tool with a high likelihood of throwing the country into a recession" and made a case that profiteering by corporations is a leading cause of inflation. She has also appeared
294:
The organization also reported in
February 2024, that 30% of the rise in grocery prices in particularly vulnerable sectors like beef, chicken, fruits, vegetables and snacks and urged the Biden adminsitration to finalize rules to address the concentration in the meatpacking industry.
333:
as a strategy to avoid default. After negotiators struck a deal to raise the debt ceiling and cap discretionary spending, Owens criticized the compromise saying it "represents the worst of conservative budget ideology," citing the effects flat spending may have on programs like
282:
and Common Wealth think tanks that stated that corporate profiteering played an important role in the inflation spike of 2022. Corporate profits surged while wages failed to keep pace with rising prices, resulting in the working class suffering the largest decline in
265:
The organization released a report in
January 2024 arguing that it had "resounding evidence" that high corporate profits were responsible for 53% of inflation in the United States during the second and third quarters of 2023. Economist
542:, members of Groundwork's staff testified before various congressional committees on the topics of corporate profiteering, supply chain bottlenecks, inflation, workers' rights, and corporate consolidation. Owens testified before the
547:
246:
released a report that found that large corporations opposed to anti-price gouging legislation spent $ 751 million on federal lobbying since 2020, nine times more than what was spent by supporters of the legislation.
563:
225:
which news reports say "has described the CEOs as not just price gouging, but also 'bragging' about their ability to raise prices faster than costs." The organization has referenced companies including
551:
1929:
242:
in the media, alleging its CEOs are "using the cover of inflation to jack up prices on consumers." In
November 2022, Groundwork and the progressive consumer rights advocacy group
1767:
1049:
1939:
868:
629:
472:
crisis, the coalition called on leaders in
Congress to reject spending cuts proposed by Congressional Republicans to keep the government funded and avoid shutdown.
1412:
1819:
1934:
1871:
406:, Groundwork hosts EconCon, a yearly economic policy convention for left-leaning economists, advocates and policymakers. Recent keynote speakers have included
330:
981:
559:
1649:
584:
1486:
562:
regarding inflation, profiteering and supply chain bottlenecks. Mike
Mitchell, Groundwork's former director of policy and research, testified before the
555:
1604:"Elizabeth Warren slams the Fed for risking 'pushing our economy off a cliff': 'There is a big difference between landing a plane and crashing a plane'"
507:
500:
913:
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1949:
1675:
1180:
1075:
1626:
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1535:
1122:"A former top Obama economist throws cold water on the Biden administration's favorite inflation argument: 'Corporate greed is a bad theory'"
823:
543:
1580:
1266:
1098:
1121:
546:
regarding the links between corporate profiteering and inflation. Dr. Rakeen Mabud, Groundwork's chief economist, testified before the
1311:
469:
382:'s approval ratings increased 4 percentage points among parents who received monthly checks. The program expired at the end of 2021.
1026:
1944:
678:
189:
In
January 2021, Lindsay Owens became interim executive director and was named the organization's executive director in June 2021.
399:
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800:
322:
197:
142:
Groundwork has been described as a "left-leaning think tank" and a “nonprofit that is critical of corporate behavior” by the
1147:
279:
1386:
284:
936:
1512:
727:
652:
449:
In 2021, Groundwork
Collaborative formed ProsperUS, a coalition of more than 70 progressive organizations pushing the
525:
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1954:
367:
359:
355:
753:
407:
339:
183:
1698:"ProsperUS Praises House Passage of Build Back Better Bill, Calls for Speedy Senate Passage, No Additional Cuts"
1363:
701:
270:
called this phenomenon where firms do not lower prices for consumers after input prices fall a form of implicit
1719:
1897:
1845:
1794:"Reviving Competition, Part 6: Rebuilding Americas Economic Leadership and Combatting Corporate Profiteering"
1463:
1742:
1438:
539:
434:
354:
launched a 'war room' called
Fighting Chance for Families to advocate for extending the temporary expanded
309:
429:
delivered a keynote speech at the convention calling on
Congress to eliminate the debt ceiling during the
1337:
1241:
1768:"Corporate Profits are Soaring as Prices Rise: Are Corporate Greed and Profiteering Fueling Inflation?"
1872:"Power and Profiteering: How Certain Industries Hiked Prices, Fleeced Consumers, and Drove Inflation"
1793:
391:
179:
1027:"Inflation or profiteering? Advocacy group says companies raising prices under cover of inflation"
845:
1288:
496:
462:
450:
395:
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and Mayors for a Guaranteed Income that found a majority of voters supported making the expanded
214:
129:
958:
1413:""The worst of conservative budget ideology": Progressives condemn Biden-GOP debt ceiling deal"
458:
454:
329:
to "not give into hostage-taking," called for more tax increases and for Biden to invoke the
566:
regarding corporate consolidation and the imbalance of power between workers and companies.
335:
192:
Previous notable Groundwork employees include Janelle Jones, former chief economist at the
8:
1181:"Greedflation: corporate profiteering 'significantly' boosted global prices, study shows"
403:
227:
143:
1846:"The Inflation Equation: Corporate Profiteering, Supply Chain Bottlenecks, and COVID-19"
1242:"I Listened In on Big Business. It's Profiting From Inflation, and You're Paying for It"
982:"Corporate profits are at a 70-year high. Will the Inflation Reduction Act change that?"
630:"Corporate profits are at a 70-year high. Will the Inflation Reduction Act change that?"
585:"Food suppliers blame inflation for price hikes. Lawmakers say they're padding the bill"
778:
304:
149:
1364:"Progressive Senators Tell Biden: Prepare to Invoke 14th Amendment to Prevent Default"
824:"The Pandemic Forced Joe Biden to Think Bigger. Meet the Economists Who Got Him There"
378:
that found the opposite. Reports of the group's survey data suggested that President
1216:
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430:
363:
351:
239:
166:, an economic sociologist who served as a senior economic policy advisor to Senator
426:
275:
255:
167:
136:
606:
869:"The 10 People Most Likely to Influence the Economic Policy of a President Biden"
438:
371:
175:
1650:"As a new economic consensus emerges, lefty groups seek to put muscle behind it"
217:" which the organization claims is a contributor to inflation sometimes called "
1820:"Hearing on "Pandemic Profiteers: Legislation to Stop Corporate Price Gouging""
1464:"Liberal groups set up 'war room' to push Democrats to extend child tax credit"
679:"Black Unemployment Declines But More Economic Policy Interventions Are Needed"
419:
411:
267:
243:
87:
26:
1743:"Liberal Groups Urge Congress To Reject Spending Cuts In Fight With House GOP"
1923:
1627:"Democrats Can Defeat GOP Extremism by 'Fighting for Working People': Warren"
1513:"Loss Of Child Tax Credit Payments May Have Hurt Joe Biden's Approval Rating"
1487:"Majority in new poll says expanded child tax credit should not be permanent"
1267:"Corporate Greed Is Causing Inflation - The Problem With Jon Stewart Podcast"
1220:
1159:
415:
222:
171:
163:
71:
653:"Biden to cancel up to $ 10,000 in student loans, $ 20K for Pell recipients"
170:
and deputy chief of staff and legislative director to former Representative
1338:"Latest US inflation data raises questions about Fed's interest rate hikes"
1185:
891:"Groundwork Collaborative names Lindsay Owens, PhD, new executive director"
288:
262:
criticized this approach of focusing on price gouging to combat inflation.
259:
251:
218:
1720:"ProsperUS Celebrates Bold Public Investments in Inflation Reduction Act"
1148:"Half of recent US inflation due to high corporate profits, report finds"
231:
1003:
754:"Could the Pandemic Wind Up Fixing What's Broken About Work in America?"
457:
for increased public investment in the economy. The group supported the
278:. This followed a similar December 2023 paper published by the UK-based
1050:"Corporations dominated lobbying on anti-price gouging bills: analysis"
728:"White House insists economy is strong as allies grow uneasy about Fed"
132:
110:
74:
1676:"Joe Biden's Economic Recovery Has a Narrative. Now It Needs a Legacy"
1387:"Debt ceiling meeting between Biden, congressional leaders postponed"
1076:"Janet Yellen Rejects Idea Corporate Greed Is to Blame for Inflation"
702:"As inflation spreads, rising prices fuel charges of corporate greed"
379:
326:
271:
126:
485:
1902:
House Select Committee on Economic Disparity and Fairness in Growth
1898:"Hearing on the Impact of Corporate Power on Workers and Consumers"
375:
1099:"Summers Compares Price-Gouging Bill to Trump's Bleach Injections"
914:"Biden's 36-Year-Old Economist Has Her Eye on an Equal Recovery"
221:". The organization maintains a database that tracks corporate
1312:"Inflation cools further ahead of key Federal Reserve meeting"
937:"Joe Biden's $ 1.9 trillion Covid-19 stimulus plan, explained"
1209:"Inflation has fallen. Why are groceries still so expensive?"
196:, and Angela Hanks, former acting assistant secretary for
1930:
Political and economic think tanks in the United States
1557:
235:
801:"Washington DC's 500 Most Influential People of 2023"
651:
Douglas-Gabriel, Danielle; Stein, Jeff (2022-08-24).
390:
Along with other liberal organizations including the
650:
313:
while not addressing price gouging by corporations.
148:, and a “progressive economic policy group” in the
1940:Non-profit organizations based in Washington, D.C.
1439:"Why Spending Cuts Likely Won't Shake the Economy"
350:In June 2021, Groundwork and liberal polling firm
1581:"Playbook: Trump dumps gas on the political fire"
16:American economic policy non-profit organization.
1921:
1047:
362:. In July 2021, the group released a poll from
345:
1935:Progressive organizations in the United States
1206:
1119:
298:
1772:United States Senate Committee on the Budget
1025:Finney, Michael; Yip, Randall (2022-08-26).
1824:U.S. House Committee on Energy and Commerce
1536:"Who killed the expanded child tax credit?"
1207:Bhattarai, Abha; Stein, Jeff (2024-02-03).
582:
1876:U.S. House Committee on Financial Services
1850:U.S. House Committee on Financial Services
1741:Nicholson, Jonathan (September 15, 2023).
1436:
1291:. The Problem with Jon Stewart. 2023-03-17
1269:. The Problem with Jon Stewart. 2022-10-11
475:
25:
1740:
1466:. McClatchy Washington Bureau. 2021-06-28
1384:
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911:
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526:Learn how and when to remove this message
370:permanent, which contradicted polling by
213:Groundwork offers research on "corporate
208:
1533:
583:Coy, Ben; Przybyla, Heidi (2022-10-29).
135:and progressive advocacy group based in
1950:2018 establishments in Washington, D.C.
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1601:
1510:
1484:
1410:
1385:Kane, Paul; Pager, Tyler (2023-05-11).
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400:Center for Economic and Policy Research
1922:
1096:
1073:
893:. Groundwork Collaborative. 2021-06-21
751:
726:Stein, Jeff; Romm, Tony (2022-07-29).
676:
552:House Consumer Protection Subcommittee
506:Please improve this section by adding
323:2023 United States debt-ceiling crisis
198:Employment and Training Administration
1798:U.S. House Committee On The Judiciary
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1139:
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699:
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1120:Zeballos-Roig, Joseph (2022-01-16).
1048:Evers-Hillstrom, Karl (2022-11-03).
803:. Washingtonian Magazine. 2023-04-27
479:
418:, and Minnesota lieutenant governor
280:Institute for Public Policy Research
1179:Inman, Phillip (December 7, 2023).
866:
285:disposable and discretionary income
13:
1136:
1097:Anstey, Christopher (2022-05-13).
1074:Condon, Christopher (2022-06-09).
752:Miller, Claire Cain (2020-04-10).
556:House Financial Services Committee
14:
1966:
178:. She was recently named to the
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360:American Rescue Plan Act of 2021
1945:Think tanks established in 2018
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1362:Corbett, Jessica (2023-05-17).
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961:. National Economic Association
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912:Dmitrieva, Katia (2021-02-21).
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408:Office of Management and Budget
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184:Office of Management and Budget
1602:Sheffey, Ayelet (2022-11-17).
1534:Matthews, Dylan (2022-04-18).
1511:Delaney, Arthur (2022-03-22).
1437:Tankersley, Jim (2023-05-29).
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1625:Stancil, Kenny (2022-11-17).
1240:Owens, Lindsay (2022-05-05).
980:Werschkul, Ben (2022-08-30).
935:Stewart, Emily (2021-01-14).
628:Werschkul, Ben (2022-08-30).
569:
508:secondary or tertiary sources
274:, allowing companies to reap
203:
174:and Progressive Caucus Chair
1648:Sargent, Greg (2021-02-02).
1579:Bade, Rachael (2023-06-10).
1411:Johnson, Jake (2023-05-28).
1310:Burns, Tobias (2023-01-27).
1004:"End Corporate Profiteering"
548:House Antitrust Subcommittee
540:117th United States Congress
444:
435:117th United States Congress
346:Fighting Chance for Families
310:The Problem with Jon Stewart
200:at the Department of Labor.
7:
1336:Perkins, Tom (2022-10-16).
1146:Perkins, Tom (2024-01-19).
700:Lynch, David (2022-04-02).
677:Changa, Anoa (2022-07-10).
564:House Fair Growth Committee
186:from May 2022 - June 2023.
10:
1971:
1674:Voght, Kara (2021-03-17).
1289:"The Inflation Blame Game"
1006:. Groundwork Collaborative
822:Voght, Kara (2020-10-28).
609:. Groundwork Collaborative
468:During the September 2023
441:'s policies on inflation.
385:
299:Monetary and fiscal policy
157:
47:; 6 years ago
867:Coy, Peter (2022-10-29).
560:House Oversight Committee
392:Economic Policy Institute
358:that was included in the
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33:
24:
303:In 2022, Owens penned a
119:Groundwork Collaborative
20:Groundwork Collaborative
1955:501(c)(3) organizations
544:Senate Budget Committee
476:Congressional testimony
463:Inflation Reduction Act
495:relies excessively on
459:Build Back Better Plan
209:Corporate profiteering
162:Groundwork is led by
451:Biden administration
331:Fourteenth Amendment
1878:. 22 September 2022
732:The Washington Post
706:The Washington Post
657:The Washington Post
470:government shutdown
437:and criticized the
404:Roosevelt Institute
194:Department of Labor
21:
1606:. Business Insider
1443:The New York Times
1246:The New York Times
1124:. Business Insider
781:. Business Insider
758:The New York Times
308:multiple times on
98:Executive Director
19:
1826:. 2 February 2022
536:
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431:lame duck session
425:In 2022, Senator
364:Data for Progress
352:Data for Progress
340:rental assistance
240:Colgate-Palmolive
125:) is an American
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501:primary sources
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461:and later, the
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372:Morning Consult
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327:President Biden
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250:In early 2022,
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176:Pramila Jayapal
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