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

local news-funding-inequality

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.
ceo-pay-tax-plan-wealthy

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.
taxes-one-percent-loopholes

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

Reagan actually raised taxes on corporations.
Jayapal- Seattle-Tax Plan

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.
paycheck-NRA-minimum wage

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.
sarah-anderson-corporate-tax-cuts

VIDEO: Busting Trump's Tax Myths

Republicans say corporate tax cuts lead to job growth. That's just not true.
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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?
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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.
corporate-taxes-job-cuts

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.
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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.
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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.
construction-workers-for-social

How Air Conditioning Unites — And Divides

Most Americans now have A/C at home. At work, it's a different story.
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Rising Angst Among Defenders of Overpaid CEOs

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

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.

Executive Excess 2015: Money to Burn

This 22nd annual report reveals how CEO pay is accelerating climate change.

Peoples Sovereignty vs. Impunity Inc.: Counterpower and Struggles for Justice

A new book from the Transnational Institute (TNI) includes the article "The Pacific Rim - Oceana Gold Case against El Salvador; impunity and violations of human rights, democracy and human rights", written by IPS Associate Fellow Manuel Perez-Rocha

TTIP - Why the World Should Beware

The Transatlantic Trade and Investment Partnership (TTIP) is a comprehensive free trade and investment treaty currently being negotiated – practically in secret – between the European Union and the United States of America.
Construction workers on scaffolding

Burning Our Bridges

President Obama and some members of Congress think the easiest way to fund infrastructure is by granting corporations a large tax cut on their untaxed offshore profits.
Businessman with a briefcase full of money

Off the Deep End: The Wall Street Bonus Pool and Low-Wage Workers

The financial industry’s 2014 bonuses were double the combined earnings of all Americans who work full-time at the federal minimum wage.
Uncle Sam is broke

Fleecing Uncle Sam

A growing number of corporations spend more on executive compensation than federal income taxes.
Handing over cash

Darden’s Golden Goodbyes

While the chain restaurant giant’s servers face economic uncertainty, three top executives are sailing away with $68 million in compensation

Executive Excess 2014: The Obamacare Prescription for Bloated CEO Pay

This 21st annual report reveals hefty taxpayer savings from a little-known Affordable Care Act executive compensation reform.
Walmart

Walmart's Executive Bonuses Cost Taxpayers Millions

New report reveals that Walmart cut its taxes by $104 million by giving executives lavish "performance-based" bonuses.

Experts

John Cavanagh

John Cavanagh

Executive Director

In the News

How the Last Profit Repatriation Failed to Create Jobs

Huffington Post | October 16, 2017

The Republican Plan to Rob America

The Nation | October 6, 2017

Trump Says A Corporate Tax Cut Would Create More Jobs

Insurance News Net | September 30, 2017

Labor Day is Over, Postpartum Depression Sets In

Huffington Post | September 6, 2017

The trouble with Trump's populist tax-reform pitch

Business Insider | September 1, 2017