Global Economy

The Global Economy Program provides research, communications, and networking support to dynamic economic justice movements in the United States and around the world. Our goal is to speed the transition to an equitable and sustainable economy while reversing today’s extreme levels of economic and racial inequality and excessive corporate and Wall Street power. The program focuses its work on six inter-related areas:

Inequality and CEO Pay

The program collaborates with a broader IPS team to produce Inequality.org and a related weekly newsletter that highlights the latest data and the sharpest strategies to reverse extreme inequality in the United States and around the world. The program is also a leading resource on one key driver of inequality — runaway CEO pay. For more than two decades, our annual report series “Executive Excess” has drawn extensive media coverage to the issue of CEO pay and practical solutions. A newer report series, “A Tale of Two Retirements,” is the first to track the staggering gap in retirement benefits between wealthy CEOs and ordinary Americans.

Featured Resource

Recent Posts Related to CEO Pay

Trade, Investment, and Mining

The program works with grassroots activists around the world to advance alternative international trade and investment policies that elevate environmental, human, and labor rights above narrow corporate interests. In recent years program staff have played a lead role in supporting a successful campaign in El Salvador to defend against global mining corporations’ attempts to steamroll local resistance to harmful extractives projects.

Featured Article

Recent Posts Related to Trade, Investment, and Mining

Black Workers Initiative

The Black Worker Initiative aims to help expand opportunities for black worker organizing and thereby greatly contribute to the revitalization of the U.S. labor movement as a whole. This program is deeply committed to helping achieve both the historic and contemporary aims of the labor and civil rights movements.

Featured Report

Recent Posts Related to Black Worker Initiative

Wall Street and Global Finance

IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

Featured Report

Recent Posts Related to Global Finance

Low-Wage Workers

IPS staff play lead roles in coalitions working to restore the financial sector to its proper purpose of serving the real economy. We track the reckless Wall Street bonus culture, for example through our annual “Off the Deep End” report on the size of the financial industry bonus pool versus the cost of paying restaurant servers and domestic workers a living wage. We also advance innovative reforms such as a small tax on Wall Street speculation to curb short-term trading and generate massive revenue for urgent public needs, such as fixing our crumbling national infrastructure.

Featured Report

Recent Posts Related to Low-Wage Workers

Inequality.org

Inequality.org and a related weekly newsletter are key resources for the public at large, journalists, teachers, students, academics, activists, and others seeking information and analysis on wealth and income inequality. Here, we collect the latest developments on inequality and keep readers abreast of relevant information concerning the widening wealth gap. We highlight stories from activists on the front lines of the fight against extreme inequality and share information that can be used for ongoing campaigns.

Latest Work

student protest for student debt cancellation

Student Debt Cancellation is a Racial Justice Issue

Presidential executive action to cancel up to $50,000 in student debts would increase Black wealth by 40 percent.
rev. dr. william j. barber speaking at a poor peoples campaign rally

Rev. Barber: ‘Our Deadline is Victory’

The Poor People’s Campaign and progressive members of Congress vow to continue the fight for the Build Back Better Act.
Supporters of President-elect Xiomara Castro celebrate her victory in Tegucigalpa, Honduras

Democratic Progress in Honduras, Setbacks in El Salvador

The last decade saw democratization in El Salvador and brutal repression in Honduras. Suddenly, those trends appear to have reversed.
inequality charts

The Year in Inequality in 10 Charts

Our economic and racial divides grew even wider in 2021, but there are signs of hope for a more equitable future.
House Democrats Meet Behind Closed Doors To Discuss Legislation With Pres. Biden

In the Latest Round of Budgetary Chess, Progressive Caucus Leader Jayapal Played a Shrewd Gambit

The Seattle Democrat has been willing to take the heat to secure a down payment on an agenda for economic equity and sustainability.
rows of protesters at a youth climate strike

We Can’t Trust the World Bank to Stand Up to Powerful Fossil Fuel Companies

While the divestment movement is working to hold fossil fuel companies accountable, the World Bank is protecting and financing them.
illustrations of a green economy

A New Trade Vision for a Green New Deal

The world must agree to trade rules that encourage a fair and democratic transition away from fossil fuels and toward a Global Green New Deal.
andres manuel lopez obrador

Latin America Should Withdraw From the World Bank’s Harsh Trade Court

A secretive World Bank tribunal lets multinational corporations sue governments over basic regulations. Mexico should lead a Latin American exodus.
man walking during cop26 in glascow during climate conference

Missing from the Climate Talks: Corporate Powers to Sue Governments Over Extractives Policies

Allowing oil, mining, and gas companies to continue to file expensive lawsuits over environmental regulations could undermine whatever agreements might be reached in the COP26 in Glasgow.
demonstrators hold signs reading tax billionaires and make the rich pay

Democrats’ Budget Deal Will Collect Billions from the Wealthy to Invest in Human Needs

The compromise is an important first step towards a fair tax system and a more equitable economy.
Woman speaking at a Poor People's Campaign event

Let’s Make the Most of This ‘Tax Billionaires’ Moment

The movement to tax extreme wealth to pay for human needs suddenly has a rare political opening.
people holding signs that say make billionaires pay

5 Charts on Taxing Wealth to Pay for the Build Back Better Agenda

Proposals in play to pay for the ambitious public investment plan could help reverse skyrocketing wealth inequality.
peoples action event on corporate taxes

5 Charts on Tackling Bad Corporate Behavior Through Taxes

Proposals on the table to pay for the Build Back Better Act could rein in offshoring, excessive CEO pay, and wasteful stock buybacks.
rev liz and rev barber at a voting rights demonstration

Creating a Powerful, Broad-Based Moral Movement

Today’s voting rights and economic justice advocates must apply two key lessons from the courageous activists of a half-century ago.
toys-r-us

Close the Carried Interest Loophole and End Private Equity Abuse

To help pay for vital public investments, Congress needs to end a tax loophole that has allowed greedy private equity execs to pay a lower tax rate than many middle-class Americans.
military fighter jet

Taxpayers are Subsidizing Soaring CEO Pay at Pentagon Contractors

If Congress doesn't crack down on military contractor pay, the White House should.
house ways and means committee

House Tax Proposal Falls Short of Making Billionaires Pay Their Fair Share

The Ways and Means Committee plan would make a down payment on much-needed public investments but doesn't go far enough to address wealth inequality.

94 Organizations Urge Congress to Stand Up to Pressure from Corporate Lobbyists and Pass President Biden's Build Back Better Plan

Letter denounces corporate lobbyists’ assault on vital programs and services supporting children and working families and combating climate change.

93 Organizations Urge Congress to Stand Up to Pressure from Corporate Lobbyists and Pass President Biden's Build Back Better Plan

Letter denounces corporate lobbyists’ assault on vital programs and services supporting children and working families and combating climate change.
ceo looking out of office window

Four CEO Pay-Related Taxes in Play on Capitol Hill

Revenue options that would also curb runaway executive pay have strong appeal across the political spectrum.

View more >

 

Reports

Executive Excess 2021

Low-Wage Workers Lost Hours, Jobs, and Lives. Their Employers Bent the Rules — To Pump up CEO Paychecks.
social graphic - How US Trade Policy Failed Workers And How to Fix It

How U.S. Trade Policy Failed Workers — And How to Fix It

Now more than ever, we need a new trade policy to support an economic recovery from the pandemic and to start building an economy that works for everyone.

Mining Injustice Through International Arbitration

Across the Global South, international mining companies use disturbing tactics to forcibly open mining operations against the wills of local communities.

Black Immigrant Domestic Workers in the Time of COVID-19

Black immigrant domestic workers are at the epicenter of three converging storms—the pandemic, the resulting economic depression, and structural racism.

Report: Executive Excess 2019

Beyond NAFTA 2.0

Report: Extraction Casino

Report: OceanaGold in the Philippines

Ten Violations that Should Prompt Its Removal

Executive Excess 2018

How Taxpayers Subsidize Giant Corporate Pay Gaps
jp-morgan-chase-banking-ceo-pay

Report: CEO-Worker Pay Ratios in the Banking Industry

A decade after the crash, excessive pay is still a problem at the mega-banks and the 2nd-tier firms that stand to benefit from the current deregulation push.

Report: Corporate Tax Cuts Boost CEO Pay, Not Jobs

This 24th annual report rebuts the GOP claim that slashing the corporate tax rate will lead to more and better jobs.

Report: The CEO Pay Tax Break in the Republican Health Care Proposal

The cost of removing Obamacare limits on the tax deductibility of executive compensation, based on pay data at the top 5 insurers.

Report: The Wall Street Bonus Pool and Low Wage Workers

The 2016 bonus pool held enough dollars to lift the pay of all of the country's more than 3 million servers up to $15 an hour.

Report: A Tale of Two Retirements

As working families face rising retirement insecurity, CEOs enjoy platinum pensions.

Help Spread the Word: #CanURetire

Help us spread the word about our latest report, "A Tale of Two Retirements: As Working Families Face Rising Retirement Insecurity, CEOs Enjoy Platinum Pensions."

Executive Excess 2016: The Wall Street CEO Bonus Loophole

This 23rd annual report reveals how taxpayers are subsidizing financial crisis windfalls.

Utilities Pay Up

How ending tax dodging by America's electric utilities can help fund a job-creating, clean energy transition.

Mining, Corporate Social Responsibility, and Conflict: OceanaGold and the El Dorado Foundation in El Salvador

This study finds that OceanaGold’s attempt to rebrand its proposed gold mine in El Salvador through the use of a company-sponsored foundation at the local level is deceitful, disrespectful and dangerous

Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers

The financial industry’s 2015 bonuses were double the combined earnings of all Americans who work full-time at the federal minimum wage.

CEO Stock(ing) Stuffers

Loophole allowed 10 companies to shave $180 million off their taxes for CEO pay last year.