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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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.

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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

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Shrink Wall Street to Guarantee Good Jobs

A new bill would fund a federal jobs guarantee by taxing the high-volume Wall Street trades favored by pandemic profiteers.
san-francisco-golden-gate-bridge-skyline

Fair Tax Solutions for Cities Facing COVID-19 Budget Crises

The economic impact of the Covid-19 pandemic has strained municipal budgets. How can cities close the gap fairly?
Business man flying on a private jet

Welcome to Hectobillionaire Land

The concentration of America's wealth has gone into overdrive.
US Postal Service

Postal Workers Deliver a Message to Capitol Hill: Save the USPS

Two million Americans petitioned Capitol Hill to show their support for the survival of our public Postal Service.
poor people's campaign

Virtual Poor People’s Campaign Rally Draws Crowd of More Than a Million

Through personal testimonies of systemic racism, poverty and inequality, ecological devastation, and militarism, the event brought the campaign's bold fusion agenda to new audiences.
black domestic worker working as house cleaner

Black Immigrant Domestic Workers Amid the Coronavirus Pandemic

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

Instead of Bailing Out For-Profit Colleges, Congress Should Cancel Student Debt

Lifting student debt burdens would particularly benefit people of color, while giving the economy a major boost.
Potosi (UNESCO) in Bolivia - the world's highest city (4070m). A ranbow-colored mountain - Cerro Rico - the working silver mines. The picture present rest miners looking on the Potosi city

Defending Land and Water from Mining Profiteers in the Time of Covid-19

Global South communities affected by mining face multiple pandemics — health, economic, violence, militarization, and corporate capture.
investor-state dispute settlements in Latin America

Corporate Lawsuits Could Devastate Poor Countries Grappling with COVID-19

Wealthy corporations may use trade courts to keep public health measures from cutting into their profits.
USPS-georgia postal workers

Georgians Can't Let the Postal Service Fail

Georgians of all stripes will suffer if the USPS goes bankrupt, but African Americans, rural folks, and veterans will bear the brunt of it.
USPS-united states postal service

A For-Profit Postal Service Would Slam Small Businesses

Trump's push to privatize USPS would devastate the ordinary Americans who rely on the Postal Service.
a distraught person

If Small Businesses Aren’t Essential, Neither Is Collecting Rent

Without rent and mortgage relief, millions of families and smaller landlords could lose their homes and businesses.
mailbox surrounded by snow

Maine Can’t Afford to Have the Postal Service Fail

Only USPS has the capacity to provide the affordable delivery needed by our state, with its large share of senior and rural residents.
The smallest Post Office in the United States.

Postal Bankruptcy Would Hit Rural America Hardest

The 15 most rural states would face heavy blows to jobs, revenue, mail and package deliveries, and voting rights.
postal workers unloading packages

Postal Carriers Are Essential Workers. They Need a Stimulus, Too.

The president is trying to use the coronavirus crisis to kill the public postal service. We can’t let him.
mass unemployment results in workers being laid off

Jayapal Proposes Layoff Prevention Plan as the Fed Expands Corporate Aid With No Employment Strings

We could avoid a return to Great Depression-era unemployment rates if we follow European models and tie business assistance to preserving jobs.
A United States Postal Service delivery worker.

Trump: Postal Workers Don’t Deserve a Financial Lifeline

The president is dismissing dire warnings of an imminent USPS collapse, falsely claiming that postal financial woes are self-inflicted.
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A Thank You to Martin Khor, Champion of Global Equity

Malaysian economist Martin Khor was one of the world's leading advocates of policies to reduce economic disparities within and between nations.
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Athletes Are Supporting Stadium Workers. Why Aren’t More Owners?

The owners of sports teams make billions off low-wage stadium workers. With games suspended, those workers deserve help.
trump speaks at a press conference about the coronavirus stimulus bill

Why CEO Pay Belongs at the Center of the Coronavirus Bailout Debate

The fact that so many Americans are facing dire circumstances now is a direct result of the exploitation economy and we should take this opportunity to change it.

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Reports

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
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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