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.

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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.

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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.

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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.

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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

Businessman with a briefcase full of money

Corporations Should Share the Wealth Before Buying Back Stock

Senator Sanders has introduced a bill that would ban Walmart and other big corporations from repurchasing their stock unless they narrow the gaps between CEO and worker pay.
Ilhan-Omar

6 Women of Color Who Campaigned for Congress on Inequality and Won

Each is heading to Washington to advance a bold social and economic justice agenda, with a strong focus on reversing inequality.
OceanaGold-Report

Time For Duterte to Shut Down This Mining Company

OceanaGold has not adhered to its commitments under its mining permit and various Philippine laws and regulations.
Nuns-on-the-bus

Busload of Activist Nuns Log 5,600 Miles for Tax Justice

The renowned 'Nuns on the Bus' are heading to Mar-A-Lago, the final stop in a cross-country campaign to undo the damage of the Republican tax reform.
voting-midterms

The Midterms and Inequality: What We’re Watching

From ballot initiatives to anti-inequality candidates, the 2018 election offers plenty of opportunities to chip away at our economic divide.
homecare-medicare

Any Senior Who Needs Home Care Should Get It

Caring for loved ones with dementia is hard enough. Families shouldn't have to bear a financial crisis on top of that.
boardroom-meeting

US, UK Progressive Leaders Aim to Open Corporate Boardrooms to Workers

UK Labour Party leader Jeremy Corbyn and U.S. Senator Elizabeth Warren have both launched plans to shift the balance of power from shareholders to workers, including requiring worker representation on boards.
amazon-workers

What Amazon Adds To The Fight For $15

Amazon will raise its minimum wage to $15 for all U.S. employees. Will other's follow suit?
Ulaanbaatar

If CEOs Earn 1,000 Times More Than Us, They Don't Need Taxpayer Dollars

Companies practicing racial or gender inequality cannot receive government dollars. It's time to do the same for economic inequality.
strong-economy

Does the United States Have a ‘Strong’ Economy?

For average Americans, the U.S. economy hardly merits any kudos. Two new data dumps make that reality even plainer.
NAFTA-map

Is This the End of NAFTA as We Know It?

And why is Mexico being complicit in Trump’s attempt to bully Canada?
poor-peoples-campaign

Trump Launches Aggressive Poverty Disinformation Campaign

The middle class is starting to look poor, but the president’s Council of Economic Advisers now argues that not even the poor are poor—all the better to cut programs that serve both groups.
mexico-us-canada

North American Fair Trade Activists Denounce Trump’s NAFTA Bullying

Leaders from Canada, Mexico, and the United States demand a trade deal that lifts up people and communities in all three countries.
sweden

Election Fight Over Immigration is Fraying Sweden's Social Fabric

While the ruling red-green bloc is running on an anti-inequality agenda, an insurgent anti-immigrant party is drowning out their message with fearmongering.

Help Spread the Word: #ExecutiveExcess 2018

Help spread the word about our new report, How Taxpayers Subsidize Giant Corporate Pay Gaps

Executive Excess: How Taxpayers Subsidize Giant Corporate Pay Gaps

More than two-thirds of the top federal contractors and corporate subsidy recipients paid their CEO more than 100 times their median worker pay in 2017.
Labor-Unions-Workers-Rights

Unions Have Survived Tough Times Before

The Supreme Court just dealt unions a crushing blow, but they've endured worse — and come out stronger.

How U.S. Economic Policies Contribute to Asylum Seekers

Many of the families detained at the U.S.-Mexico border have lost their livelihoods as a result of U.S. economic policies.
workers-unions-labor

After the Supreme Court Blow, Unions Should Look to a New Model

Surprising tactics unions could learn from a member organization like the NRA.
Poor-Peoples-Campaign

The Poor People's Campaign Goes to Congress

Some politicians are finding ways to lift up the voices of Americans struggling with poverty and inequality without grabbing the limelight for themselves.

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Reports

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.
Construction workers on scaffolding

Burning Our Bridges

President Obama and some members of Congress think the easiest way to fund infrastructure is by granting corporations a large tax cut on their untaxed offshore profits.
Businessman with a briefcase full of money

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

The financial industry’s 2014 bonuses were double the combined earnings of all Americans who work full-time at the federal minimum wage.
Uncle Sam is broke

Fleecing Uncle Sam

A growing number of corporations spend more on executive compensation than federal income taxes.

Experts

John Cavanagh

John Cavanagh

Executive Director

In the News

Trump’s NAFTA 2.0 Is Just More of the Same

The Nation | October 15, 2018

Washington keeps failing to rein in banker pay

American Banker | October 9, 2018

Wall Street profits jump 11% so far this year, DiNapoli reports

New York Daily News | September 17, 2018

Nike’s Bad Air

Counterpunch | September 10, 2018

Welfare, But for CEOs

Jacobin | August 31, 2018

How Your Tax Dollars Subsidize Outrageous CEO Pay

Bernie Sanders Senate Page | August 29, 2018

Why Big Companies Are Buying Up Their Own Stocks

Marketplace, Marketplace Radio - Morning Report | August 7, 2018

Big Tips or Higher Minimum Wage?

The Riverdale Press | June 29, 2018

The trouble with charitable billionaires

Exec Review | May 24, 2018