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

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.

Tenants March to Stop Giveaways to Wall Street Landlords

While Republicans are proposing severe cuts to housing assistance, they are continuing to subsidize Blackstone and other private equity housing profiteers.

Can the EU Pass a Speculation Tax?

As EU negotiators struggle to reach the finish line on a financial transaction tax agreement, 52 industry professionals issue a joint statement in support.

Historic Wins for Democracy and Rights in El Salvador

There have been two giant wins for democracy, human rights, and the environment in an unlikely spot: the small, embattled nation of El Salvador. What lessons can be learned, and can nations and activists build on these two victories?

Corporate Allies in Washington Take Aim at CEO Pay Reform

Despite a growing consensus that corporate CEOs are overpaid, Washington’s CEO Pay Apologists Club mobilizes to strike down executive pay reforms.

It’s Time for Trump to Do Something About High CEO Pay

Candidate Trump repeatedly bashed high CEO pay, but President Trump has done very little to address CEO pay ratios.

Illinois is Tired of Carrying the Carried Interest Loophole

After two years without a budget, the Illinois state senate moves to close a tax loophole that cost the state billions.

Donald Trump Is Playing ‘Bad Cop’ With His Extremist Budget Proposal

The president is useful to Republicans because he allows them to appear comparably less extreme than they actually are.

El Salvador – When The Seeds Of Resistance Bloom

On 30th March 2017 legislators in El Salvador approved a blanket ban on all metal mining activities in the country – the first country in the world to do so.

If Washington Won’t Rein in Corporate Greed, Your State Might

A business owner turned state legislator is working to rein in runaway pay at the top of the corporate ladder.

Making Wall Street Loopholes Great Again

The public faces of President Trump’s tax plan, Gary Cohn and Steven Mnuchin, are poster boys for Wall Street tax-dodging.

Are Trump’s H1-B Visa Reforms Just a Dog Whistle for His Base?

Trump’s latest executive order cannot be taken in isolation from his broader immigration agenda, which is overwhelmingly xenophobic.

Americans Want the Opposite of Trump’s Tax Plan

Tax dodgers get a big break from Donald Trump’s plan.

Fighting Financial Abuse in the Trump Era

A Wall Street reform organizer is encouraged by a surge of activism to protect consumers against the unregulated prepaid debit card industry.

You Pay Your Fair Share. Shouldn’t Wall Street?

While you and I file our taxes, Republicans want to make it even easier for big banks to dodge them.