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

ceo-worker-pay-gap-bill

Sanders, Lee, and Tlaib Lead Effort to Tax Huge CEO-Worker Pay Gaps

The House-Senate companion bill addresses corporate America's extreme disparities, giving firms an incentive to lift up the bottom and bring down the top of their pay scales.
evo-morales-bolivia-coup

It’s Not Just a ‘Coup’: Bolivia’s Democracy Is in Meltdown

The ‘Was it a coup?’ debate distracts from deeper issues plaguing the country — some of Morales’s making.
ncaa-workers-student-athletes

Student Athletes Are Workers — They Should Get Paid

California's Fair Pay to Play Act, allowing NCAA athletes to profit off their name and likeness, marks the beginning of a new era in collegiate sports.
hong-kong-protest-rally-nba-china

The NBA's China Fiasco Shows What Businesses Value

Companies willingly censor or condemn free speech to retain market share in authoritarian countries. Just ask NBA General Manager Daryl Morey.
indigenous-Peruvians-protest-mining-pollution

Abusive North American Companies Pay Off Latin American Police to Harass Critics

In countries like Peru, extractive industries contract police to suppress Indigenous protesters and detain international observers — including me.
ceo-worker-pay-gap

Where Is 'Line Worker Barbie'?

CEO-worker pay gaps are the clearest proof that corporations like Mattel and many others don't respect their employees.
ncaa-college-athletes-california

California Takes On the NCAA and Allows College Athletes to Get Paid

The NCAA brings in more than a billion dollars in revenue annually. Meanwhile, college athletes struggle to make ends meet. California wants to change that.
ceo-worker-pay-gap

Paying the Boss 1,000 Times More Than a Worker Encourages Reckless Corporate Behavior

Sentiment is building to tax excessive CEO pay at public companies
sarah-anderson-ceo-worker-pay

We’ve Waited Too Long for Corporations to Fix the CEO-Worker Pay Gap on Their Own

A decade after bonus-chasing executives crashed the economy, we need tax incentives to push companies to narrow the CEO worker pay gap.
ceo-pay-tax-plan-wealthy

As CEO-Worker Pay Gap Soars, Sanders Unveils Plan

At the 50 publicly traded companies with the widest CEO-worker pay gaps, an average worker needs to work 1,000 years to earn the CEO’s annual salary.
public-charge-face-of-the-statue-of-liberty-new-york

Trump’s Public Charge Rule Is an Attack on Legal Immigrants

After demonizing undocumented immigration, Trump’s new public charge rule targets legal immigrants on the basis of income and race.
womens-usa-soccer

Celebrate American Excellence — With Equal Pay

In soccer and in everything else, we need to pay America’s millions of underpaid women what they’re worth.
Businessman with a briefcase full of money

3 Bills to Rein in Executive Pay

Before heading home for summer recess, members of Congress are rushing to introduce proposals for cracking down on overpaid executives.

What Kind of Trade Policy Should Progressives Support?

NAFTA 2.0 simply locks in existing drives toward ecological collapse and social inequality. A better deal would put people — and nature — first.
ayanna-pressley

‘The Squad’ Keeps the Focus on Bold, Inequality-Busting Policies

Representatives Ilhan Omar, Rashida Tlaib, Alexandria Ocasio-Cortez, and Ayanna Pressley fight hard for their constituents in the face of racist attacks.
postal-service-USPS-mail-trucks

How Congress Manufactured a Postal Crisis — And How to Fix it

An unprecedented congressional mandate threatens the Postal Service's ability to continue to provide good jobs and universal service.
san-francisco-golden-gate-bridge-skyline

Will San Francisco Be the Second City to Tax Extreme CEO-Worker Pay Gaps?

SF voters will decide the fate of a proposed tax on corporations that pay their top exec more than 100 times median worker pay.
PO-boxes

The Wild Political Backstory to the Financial ‘Crisis’ at the Postal Service

Budget chicanery more than 15 years ago laid the foundation for a manufactured crisis that threatens the future of the postal service.
farmers-market-woman-fruit-basket

We Have the Money to Fix Our Food System

Imagine supporting farmers markets, child nutrition, and local agriculture with money we spend on factory farms.
democratic-debate-2020-presidential-kirsten-gillibrand

10 Inequality Takeaways From the First Democratic Debate

When 2020 candidates went head to head in the first Democratic debate, America's extreme economic divide was front and center.

View more >

 

Reports

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.

A Tale of Two Retirements

One hundred CEOs have as much in retirement assets as 41 percent of American families.

Executive Excess 2015: Money to Burn

This 22nd annual report reveals how CEO pay is accelerating climate change.

Peoples Sovereignty vs. Impunity Inc.: Counterpower and Struggles for Justice

A new book from the Transnational Institute (TNI) includes the article "The Pacific Rim - Oceana Gold Case against El Salvador; impunity and violations of human rights, democracy and human rights", written by IPS Associate Fellow Manuel Perez-Rocha

TTIP - Why the World Should Beware

The Transatlantic Trade and Investment Partnership (TTIP) is a comprehensive free trade and investment treaty currently being negotiated – practically in secret – between the European Union and the United States of America.