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

Marching for Trump Tax Transparency

Activists have organized Tax Day marches across the country to demand the release of Trump’s tax returns — and send a message about a tax system that enriches the wealthy.

How An International Grassroots Campaign Beat Metal Mining Corporations

Against overwhelming odds, El Salvador won its long battle for water.

El Salvador Votes for Water over Gold

After a 12-year struggle, Salvadoran lawmakers voted to ban mining for metals.

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.

Four Wall Street Bonus Charts That May Make You Scream

The culture that led to the 2008 financial crisis continues to flourish.

A Labor Trafficking Survivor Speaks Out

A new report helps quantify the abusive patterns experienced by survivors of human trafficking by following the stories of over 100 domestic workers.

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.

Drug Industry CEOs Are Profiting off Our Opioid Epidemic

A labor leader whose son was a victim of the opioid epidemic has inspired a campaign to crack down on these pain profiteers.

Black Workers Are Organizing at Nissan

Sanchioni Butler is organizing where barriers to unionization are the highest.

A Wake-Up Call For Trump’s Trade Agenda

The investor-state provisions in NAFTA don’t help workers. Instead, they hand enormous power to corporations to bully governments into undoing measures to protect workers, the environment, and public health.

280 Organizations with over 180 million members worldwide tell OceanaGold to abandon lost suit against El Salvador and “Pack Up and Pay Up”

The organisations are demanding OceanaGold pay El Salvador the $8 million an investor-state tribunal ruled they were owed.

To Save Main Street, Tax Wall Street

Tax evasion by the wealthiest Americans is drying up our heartland communities and squelching opportunities for our young people.

5 Ways to End CEO Pay Subsidies

Ordinary American taxpayers are subsidizing excessive CEO pay. These five reforms could help end these perverse incentives for executive excess.

Help Spread the Word: #PayUpCorps

Thank you for helping us spread the word about the new IPS report “Corporate Tax Cuts Boost CEO Pay, Not Jobs.”

The Great Donald Trump Confidence Trick: Symbolism Over Substance

The executive orders signed on Monday will raise mortgage costs and healthcare premiums for the very people the new president claims to champion.

The Trade Debate Isn’t About the U.S. vs. the World, It’s Corporations vs. the Rest of Us

If Trump lets corporate elites dictate new trade rules, all working families will suffer.

Here’s What It’s Like to Work for Trump’s Labor Secretary Nominee

A quarter of Andrew Puzder’s employees reported unpaid overtime, a third complained of wage theft, and fully two-thirds said they were sexually harassed.

Paid Family Leave Comes to D.C.

While official Washington digs in against paid leave, locals in the nation’s capital helped win one of the country’s most generous family and medical leave plans.

Even Red State Voters Want Action on Inequality

Donald Trump gripes about skyrocketing CEO pay. Is he ready to do something about it?

Lifting Up 2016’s Faces on the Frontlines

Through our weekly feature on Inequality.org, we’ve highlighted inspirational leaders fighting inequality throughout the country.