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

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When Police Repression is Not Enough: A U.S. Corporation is Suing Guatemala to Crush Local Mining Opposition

Global mining companies are turning to international arbitration to strong-arm governments into bending to their interests.
trump and xi jinping

Trump Trade Wars Have Led to Lost US Jobs and Factories. We Need a Worker-Centered Recovery.

Trump is making false claims about his record in struggling states like Ohio and Michigan. The jobs haven't come back. They've been offshored to China.
nfl dallas cowboys training camp

The NFL Can’t Avoid Politics Even If It Wants To

NFL owners and even some fans might want to simply watch their teams compete and forget about the world's problems. Right now, that’s just not possible.
professional athletes protest labor strike

Professional Athletes and the Power of a Union

If a few sports walkouts can force change on the national level, imagine what an Amazon or Wal-Mart walkout could do.
usps - man with a save the postal service sign at a rally

All the Latest on Trump’s War on Our Public Postal Service

The House passed legislation to defend the Postal Service. If the Senate doesn't do the same, Postmaster General DeJoy will continue dismantling it.
USPS mailbox under water

The Fox Is Still in the Henhouse at the Post Office

In the face of a historic public outcry, the postmaster general has promised to stop sabotaging essential services — temporarily.
postal service worker driving a delivery truck

Are USPS Cuts Motivated by Voter Suppression or Privatization — or Both?

The Postmaster General's actions are advancing two of President Trump's goals: undermining confidence in vote by mail and laying a foundation for postal privatization.
USPS worker in 1870 (sarah anderson's great grandfather)

My Great-Grandfather Faced Danger as a Mail Carrier. He'd Be Shocked by Trump’s War on USPS.

Donald Trump’s mail slowdown upends a centuries-old work ethic and undercuts essential postal services during a pandemic, just when we need them most.
amazon warehouse workers

Workers Need the Right to Sue

Republicans want to give corporate CEOs a five-year “get out of jail free card” for jeopardizing the health and safety of their workers.
USPS postman on a mail delivery truck in New York. USPS is an independent agenc of US federal government responsible for providing postal service in the US

USPS Needs Financial Aid to Continue Providing Essential Services

Despite a boom in package deliveries, USPS is facing insolvency due to crisis-related drops in mail revenue and increased costs.
Person sitting on the street next to a college graduation cap, begging for money

Now Is the Time for Free College

With youth unemployment and student debt skyrocketing, young people need free higher education.
Postal worker hands a man his mail

More Republicans Should Support Crisis Aid for the Postal Service

A bipartisan Senate bill would ensure that frontlines postal workers can continue providing essential services.
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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.
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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.

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Reports

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
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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.