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.

Featured Resource

Recent Posts Related to CEO Pay

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.

Featured Article

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.

Featured Report

Recent Posts Related to Global Finance

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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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?
jobs-working-class

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.
protest, donald trump

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.
businesspeople-business-businessmen-ceos-corporate-corporations

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.
"For Rent" Sign

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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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?
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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.
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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.
Statue of Liberty on a U.S. tax return.

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.
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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.
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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.
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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.
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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.
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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.
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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

Marc Bayard

Project Director and Associate Fellow

Black Worker Initiative, Global Economy

Ron Carver

Ron Carver

Associate Fellow

Global Economy

Manuel Perez-Rocha

Manuel Perez-Rocha

Project Director and Associate Fellow

Global Economy

In the News

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

Corporate Tax Cuts Don't Mean More Jobs

BuzzFlash | August 30, 2017

Opinion: The deep, deep cynicism of ‘tax reform’

The Atlanta Journal-Constitution | August 30, 2017