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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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

vice president kamala harris speaking to a crowd

In Guatemala, Harris Should Address U.S. Policies That Put Corporations Over People

As the Vice President seeks to remedy root causes of migration, she should vow to dismantle neoliberal rules that have been devastating for rural and Indigenous peoples.
ceo pay and economic inequality

How CEOs Pumped Up Their Pandemic Paychecks

While low-wage employees lost hours, jobs, and lives, their CEOs got raises. It's time to tax huge CEO-worker pay gaps.
rev. william barber at the third reconstruction event of the poor people's campaign - joined by members of congress

Poor People’s Campaign and House Progressives Call for a ‘Third Reconstruction’

A new Congressional resolution lays out a comprehensive vision for eradicating poverty and tackling racial and economic inequality.
J.P. Morgan Chase CEO Jamie Dimon

While Professing BLM Support, Wall Street Banks Reject Racial Equity Audits

JPMorgan Chase CEO Jamie Dimon is urging shareholders to vote against a proposed review of the impact of bank policies and practices on racial inequality.
Medics arrive to take blood samples of residents of Spanish Garden residential complex after a COVID-19 positive case was detected in an apartment, in Guwahati.

Corporations Should Not Have the Power to Undermine the Global Battle Against COVID-19

Even if governments agree to suspend patent protections for vaccines, corporations can fight back with expensive lawsuits.
ceo pay versus median worker pay 2021 executive excess

How Corporations Pumped Up CEO Pay While Their Low-Wage Workers Suffered in the Pandemic

More than half of the country’s 100 largest low-wage employers rigged pay rules in 2020 to give CEOs 29 percent average raises while their frontline employees made 2 percent less.
check cashing places and predatory banking could be solved by USPS postal banking options

House Dems Push Postal Banking Pilots as an Alternative to Predatory Firms

Thirty-three members have asked for federal budget funding to test out expanded postal financial services in 10 rural and urban communities.
mineral mining in el salvador - water defenders

The Water Defenders: How Ordinary People Saved a Country from Corporate Greed

In a battle to protect their rivers and waterways, the people of El Salvador came together to ban mineral mining.
xinca people in guatemala protesting pan american silver mining company

Pan American Silver Pressured to Shut Down Community Interference in Guatemala

Indigenous leaders in Guatemala and their allies take a stand against corporate greed in their community.
children playing to depict child tax credit and tax policies under biden administration

Progressives Urge Biden to Go Bigger, Bolder, Faster in Spending and Tax Plans

Leading research and movement organizations and progressive Democrats call for rapid passage of legislation to transform the economy.
mexico - eurpoean union trade agreement - inversionistas extranjeros

La 4T y los Derechos de los Inversionistas Extranjeros

Para que México despierte de la pesadilla neoliberal y poder garantizar la soberanía nacional, es imperioso reformar sus TLC y TBI.
wall street bull statue to depict - If the Minimum Wage Had Increased as Much as Wall Street Bonuses Since 1985, It Would Be Worth $44 Today

If the Minimum Wage Had Increased as Much as Wall Street Bonuses Since 1985, It Would Be Worth $44 Today

The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs at a $15 minimum wage for a year.
covid-19 vaccine - economic inequality

As Rich Nations Protect Corporate Patents, the Global Vaccine Divide is Widening

People in high-income countries represent 16 percent of the world’s population, but have received 56 percent of COVID-19 vaccine doses.
Anti-mining protest outside World Bank in Washington DC

Water Defenders Versus Big Gold

Water defenders in El Salvador are offering hopeful development priorities, policies, and trajectories for the future. They aren't alone.
ceo pay - executive standing at a table in a corporate office

How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality

While working families are suffering under the pandemic, corporate boards have bent the rules to protect massive CEO paychecks.
industrial welder u.s. trade policy

U.S. Trade Policy Has Failed Black and Latinx Workers

Mainstream narratives on trade suggest white workers from the Midwest suffer most from U.S. trade policies. Evidence shows that's not true.
Nayib Bukele - biden administration - el salvador

The Elections in El Salvador Could Make or Break Biden’s Central America Policy

President Nayib Bukele has been acting more and more like an authoritarian.
amazon warehouse workers

Danny Glover: Why I’m in Alabama with Amazon Workers

The Hollywood actor is mobilizing support for warehouse workers who are making their mark on the long history of southern organizing.
Black Families Have a Major Stake in the Future of the United States Postal Service

Black Families Have a Major Stake in the Future of the Postal Service

USPS is a vital source of decent jobs for Black workers. It could also narrow the racial wealth divide by expanding financial services.
covid-19 vaccine rate lower for black americans - racial wealth gap - inequality

Five Painful Charts on COVID and Black America

This Black History Month, hard data reveal how the pandemic has widened racial divides.

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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.