Sarah Anderson

Sarah Anderson

Sarah Anderson directs the Global Economy Project of the Institute for Policy Studies, and is a co-editor of Inequality.org. @Anderson_IPS

Articles by this author

A recent IPS report finds that 80 percent of S&P 500 firms last year paid their CEO over 100 times their median employee pay. At 50 publicly held firms, workers would have to toil at least 1,000 years to make as much as their boss made in just one. (Photo collage: Getty Images) Views
Thursday, November 14, 2019
Sanders, Lee, and Tlaib Lead Effort to Tax Huge CEO-Worker Pay Gaps
A new congressional bill would deliver heftier IRS bills to corporations that overpay their top executives at the expense of their workers. Institute for Policy Studies experts have advocated for such policies since the 1990s, the decade CEO pay at big U.S. corporations began soaring into the...
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Today’s overpaid CEOs are unlikely to start sharing that good life—and the wealth that finances it—more equitably without public policies to prod them in this direction. (Photo: Shutterstock) Views
Wednesday, October 16, 2019
Where Is 'Line Worker Barbie'?
Mattel executives say they’re worried about girls developing “self-limiting beliefs,” resulting in a "dream gap" with boys. So the giant toymaker rolled out an extensive line of “ Career Dolls ,” including Barbie pilots, firefighters, and robotic engineers, to inspire its young patrons. But there’s...
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Not much is trickling down. (Photo: Institute for Policy Studies) Views
Monday, October 07, 2019
Paying the Boss 1,000 Times More Than a Worker Encourages Reckless Corporate Behavior
Back in the 1960s and into the 1970s, few American corporate chief executives pocketed more than 40 or 50 times what they paid their workers. That divide looks quaint by today’s standards, but back then business analysts like the famed Peter Drucker considered even those gaps much too wide. Drucker...
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A tax penalty on extreme pay gaps would give corporations an incentive to finally narrow these obscene divides. (Photo: Screenshot/Youtube) Views
Wednesday, October 02, 2019
We’ve Waited Too Long for Corporations to Fix the CEO Pay Problem on Their Own
I went on CNBC’s Squawk Box this week to talk about a new proposal from Senator Bernie Sanders to put tax penalties on corporations with extreme gaps between their CEO and worker pay. This is an issue I’ve been working on for many years. In fact, a dozen years ago, in August 2007, I had also...
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While none of these bills would completely solve our executive pay problem, they are important steps towards a more rational, equitable system. (Photo: Pixabay/CC0) Views
Friday, August 02, 2019
3 Bills to Rein in Executive Pay
Here’s one sign of the unpopularity of overpaid corporate and banking executives: Shortly before heading home to face constituents during the summer recess, members of Congress introduced three bills to crack down on excessive compensation. Stop Wall Street Looting The new Stop Wall Street Looting...
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US Representatives Ayanna Pressley (D-MA) speaks as, Ilhan Abdullahi Omar (D-MN)(L), Rashida Tlaib (D-MI) (2R), and Alexandria Ocasio-Cortez (D-NY) hold a press conference, to address remarks made by US President Donald Trump earlier in the day, at the US Capitol in Washington, DC on July 15, 2019. - President Donald Trump stepped up his attacks on four progressive Democratic congresswomen, saying if they're not happy in the United States "they can leave." (Photo: Brendan Smialowski / AFP) Views
Monday, July 22, 2019
‘The Squad’ Keeps the Focus on Bold, Inequality-Busting Policies
“We are one of the wealthiest countries in the history of this world. And yet millions of adults in the United States still don’t have health insurance,” Rep. Ilhan Omar told an audience of her Minnesota constituents on Thursday evening. A day after the president of the United States incited...
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Rather than the story of a Postal Service facing dire financial straits, it is time we see the Postal Service for what it really is: a well-loved public institution that has risen to every challenge and innovated its way to new services even in the face of an unprecedented congressional mandate. (Photo: Ron Doke/Flickr/cc) Views
Monday, July 15, 2019
How Congress Manufactured a Postal Crisis—And How to Fix it
In 2006, Congress passed a law that imposed extraordinary costs on the U.S. Postal Service. The Postal Accountability and Enhancement Act (PAEA) required the USPS to create a $72 billion fund to pay for the cost of its post-retirement health care costs, 75 years into the future. This burden applies...
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America Needs a Long-Term Care Program for Seniors Views
Wednesday, May 22, 2019
America Needs a Long-Term Care Program for Seniors
By 2035, seniors are projected to outnumber children in the U.S. population. Maybe then we’ll look back and credit Washington state activists for being on the forefront of tackling America’s elder care crisis. On May 13, the state became the first in the nation to adopt a social insurance program...
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For ordinary Americans, the slight uptick in wages is not enough to make up for many years of stagnation.(Photo: Stand Up KC/Twitter) Views
Monday, May 06, 2019
The Reality Behind the ‘Surging’ U.S. Economy
Recent economic reports have President Donald Trump crowing. The big headline numbers do sound encouraging. The unemployment rate is down to 3.6%, the lowest since 1969. Average earnings are finally outpacing inflation, the stock market has been hitting record highs, and the first quarter of 2019...
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In contrast to the Wall Street lobbyists, advocates for the working poor have been ignored by the majority of U.S. lawmakers in their calls for a raise in the federal minimum wage to $15 per hour. (Photo: David Ohmer/flickr/cc) Views
Tuesday, March 26, 2019
How Wall Street Drives Gender and Race Pay Gaps
Bonuses were down last year in the New York-based securities industry, according to just-released data from the New York State Comptroller . But the average end of year payout in this lucrative and overwhelmingly white and male sector is still dramatically higher than in decades past, while pay in...
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