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.

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

5 Charts on Our Broken CEO Pay and Corporate Tax Systems

When companies are paying their executives more than Uncle Sam, you know we've got a problem.
a pile of one hundred dollar bills with three white strips of paper on top that read billionaires in black font.

Total U.S. Billionaire Wealth: Up 88% over Four Years

Four years after the start of the COVID-19 pandemic, the United States has 737 billionaires with a combined wealth of $5.529 trillion.

Will Corporate Lobbyists Steamroll Stock Buyback Regulations?

The SEC should stand up to the Chamber of Commerce and keep fighting for rules to expose CEOs who manipulate buybacks to pad their own pockets.

The Senate's Failed War and Border Deal is Not Security

Security for all means honoring legal immigration, creating paths to citizenship, and it means ending and preventing wars.

Waking the Sleeping Giant of the Low-Income Voting Bloc

The Poor People’s Campaign is planning 42 weeks of actions to mobilize this potentially powerful yet often ignored segment of the electorate.

6 Takeaways from the Court Decision to Void Elon Musk’s Compensation

The Musk ruling sets a huge precedent and could lead to similar suits against other outrageous CEO pay packages.

‘Year of the Strike’ Could Be a Turning Point for Labor Movement

In 2023, a reenergized movement began reversing its downward slide so that all American workers can get a fair reward for their labor.

Guatemala and El Salvador: Contradictions of International Support

In stark contrast to the international response to defend the democratic process in Guatemala, there is a deafening silence regarding the erosion of democracy and human rights in El Salvador.

Mexico Must Stand up to Agribusiness Oligopolies on GM Corn Ban

U.S. and Canadian civil society groups are denouncing their own governments’ efforts, driven by the agribusiness industry, to repeal Mexico’s proposed ban on genetically modified corn.

The Huge Paradox at Biden’s Summit of Latin American Leaders

While claiming to support social and environmental goals, leaders failed to challenge the excessive corporate powers that undermine those objectives.
ceo pay and economic inequality

Yes, We Actually Can Do Something About CEO Pay

A new report highlights effective policies to narrow CEO-worker gaps and marks progress to date.

Congressmembers Express Regret for U.S. Support of Pinochet Dictatorship as Chilean President Arrives in Washington

President Boric will reflect on the 50th anniversary of the Chilean coup at the site of the assassination of two Institute for Policy Studies colleagues in 1976.

Colombia: Corporate Claims vs. Human Rights

International Delegation stands with mining-affected people to urge administration of President Gustavo Petro to withdraw from corporate courts.
Demonstrators at the United to Protect Social Security action holding signage that looks like social security cards and reads "United to Protect Social Security"

An Alternative to Social Security Cuts: Make CEOs Pay Their Fair Share

Let's raise the contribution cap, get rid of tax preferences for gilded CEO retirement accounts, and use the extra revenue to expand retirement benefits.
5 social security cards stacked and slightly fanned out.

Social Security's Back in the GOP's Crosshairs: Here's an Alternative to Cuts

Washington’s months-long debate over raising the debt ceiling started with some prominent Republicans calling to slash Social Security.

Report Reveals Top CEOs Dodge Taxes on Nearly $9 Billion in Retirement Funds

Some executives can expect to receive monthly retirement checks larger than their workers’ median annual pay.

Jerry Mander, Paradigm Warrior

One of the great intellectual and strategic leaders of the global economic justice movement, Jerry Mander, died this week. His charge to us: don’t give up because you lost the first round. Educate movements and the public to fight back.

Statement from International Allies against Mining in El Salvador on Mar. 29 Protest at Salvadoran Embassies in US and Canada

From the US and Canada, we defend El Salvador’s historic mining ban and call for the immediate release of jailed Santa Marta 5 Water Defenders!

After 20 Years, the Department of Homeland Security Is a Money-Guzzling Failure

Twenty years ago this month, the U.S. government took a sharp turn toward surveillance, racial profiling, and an immigration policy based on fear. In March 2003, the newly christened Department of […]
Colombian President Gustavo Petro (second from left) celebrates the re-opening of the Colombia-Venezuela border with Venezuelan officials

Más de 220 organizaciones piden a Gustavo Petro y Francia Márquez revisar los tratados de inversión internacional que permiten millonarias demandas contra el Estado colombiano

"Es urgente la necesidad de impedir que la búsqueda de justicia ante abusos de multinacionales, daños y pasivos socioambientales, laborales, financiación del paramilitarismo, amenazas o asesinato de líderes sindicales se vea saboteada por este sistema.”

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Experts

A headshot of Bella

Bella DeVaan

Associate Director of Charity Reform Initiative, Co-editor of Inequality.org

Global Economy, Inequality.org

John Cavanagh

Senior Advisor

Marc Bayard

Project Director and Associate Fellow

Black Worker Initiative, Global Economy

Jen Moore

Associate Fellow

Global Economy

Manuel Perez-Rocha

Manuel Perez-Rocha

Project Director and Associate Fellow

Global Economy

Reports

REPORT: More for Them, Less for Us: Corporations That Pay Their Executives More Than Uncle Sam

REPORT: El Salvador’s State of Deception

REPORT: Executive Excess 2023

These “Low Wage 100” large corporations are enriching CEOs at the expense of both workers and taxpayers.

REPORT: A Tale of Two Retirements 2023

Our tax code helps CEOs retire in luxury while ordinary workers struggle. Here's how to fix it.
people holding signs that say make billionaires pay

Report: “Extreme Wealth: The growing number of people with extreme wealth and what an annual wealth tax could raise”

An annual wealth tax on the world’s richest could raise $1.7 trillion globally.
A landscape devastated by coal mines in La Guajira, Colombia (Shutterstock)

IPS Brief: Mining Companies Use Trade Agreements to Attack Indigenous Rights in Colombia and Beyond

With our allies, we've prepared a legal brief to support the Wayúu people’s rights to water, health, and food sovereignty in Colombia.

Executive Excess 2022

The CEOs at America’s largest low-wage employers are grabbing huge raises while workers and consumers struggle with rising costs.

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.