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.

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.

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.

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.

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.

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

My No Good, Very Bad Tax Vote Day

As I struggled my way through a crumbling transit system, the Senate was preparing to pass a tax plan that will decimate the resources needed to fix our nation’s infrastructure.

What’s One Way to Fight Inequality? Fund Local Journalism.

Joe Rickett’s decision to shut down two major online publicationshas altered the local U.S. news environment. Barbara Ehrenreich plans on restoring it.

The GOP’s Corporate Tax Giveaway Negates the Benefits of Closing the CEO Pay Loophole

I’ve argued to close this loophole for 20 years, but not at the expense of the colossal damage the rest of this plan would cause.

We Worked on Tax Reform Under Reagan. Trump’s Is Much Worse.

Reagan actually raised taxes on corporations.

Activist Groups Work on Inspiring Alternatives to the GOP Tax Plan

Rep. Jayapal of Seattle is among the leading Progessive Democrats working to educate constituents about a fast-moving Republican tax plan.

Jane Fonda Takes on ‘the Other NRA’

The actress and lifelong activist joins restaurant workers in the fight to end sub-minimum tipped wage.

Who Will Stop Stephen Miller, the Man Behind America’s Anti-Refugee Policy?

Miller has usurped the power of the National Security Council, state and defense departments to set refugee policy by himself.

Don’t Believe the Trump Administration: MS-13 is Not Ravaging the United States.

The Central American gang is a big problem in Central America — and an object of scare tactics here.

The Women of Color ‘Solutionaries’ Who Are Taking On Detroit’s Deep Divisions

A new report uses photography and interviews to raise the profile of 20 Black, Latina, Arab, and Asian women who should have a greater say in the city’s revitalization.

Trump’s ‘Tax Reform’ Is More Regressive Than Even Reagan’s

The last thing the country needs is a sham tax reform designed to reward Republican donors with more tax breaks.

VIDEO: Busting Trump’s Tax Myths

Republicans say corporate tax cuts lead to job growth. That’s just not true.

An Anti-Poverty Program That Makes It Pay to Work

The Earned Income Tax Credit may be the most popular bipartisan anti-poverty tool. So why won’t the feds expand it?

Trump Promised to Put American Workers First. He Lied.

Proposed cuts to federal agency budgets and changes to employment law benefit only the US president and his cronies.

It’s a Myth That Corporate Tax Cuts Mean More Jobs

Instead of tax-rate cuts for these big corporations, the coming tax debate in Congress should focus on making wealthy individuals and big corporations pay their fair share.

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.

The Activists Who Helped Shut Down Trump’s CEO Councils

It took months of activist pressure for Trump’s billionaire backers to finally back away from him.

The Alt-Right and the 1%

When President Trump equated white supremacists with anti-racism protesters, he was sending a message to the thugs in the streets and to some in executive suites.

How Air Conditioning Unites — And Divides

Most Americans now have A/C at home. At work, it’s a different story.

Rising Angst Among Defenders of Overpaid CEOs

Efforts to repeal CEO-worker pay ratio disclosure continue, but the odds of success are growing longer.

Consumer Protection Isn’t Here to Stay

If the GOP had their way, a two-week old regulation that allows consumers to join class action lawsuits over financial fraud would be toast.