How Employees on Wall Street Continue to Get More Breaks and Money than Workers on Main Street
Host Celeste Carey speaks with Sarah Anderson, who directs the Global Economy Project at the Institute for Policy Studies. They just released the report "Wall Street Bonuses and the Minimum Wage," which says the New York financial industry's bonus pool exceeded the annual earnings of the more than 1 million Americans who work full-time at the federal minimum wage.
Sarah’s research covers a wide range of international and domestic economic issues, including trade, finance, inequality, and budget policies. Sarah is also a well-known expert on executive compensation, as the lead author of 20 annual “Executive Excess” reports that have received extensive media coverage.
She serves on the Investment Subcommittee of the U.S. State Department’s Advisory Committee on International Economic Policy (ACIEP). In 2009, this subcommittee carried out a review of the U.S. model bilateral investment treaty. In 2000, she served on the staff of the bipartisan International Financial Institutions Advisory Commission (“Meltzer Commission”), commissioned by the U.S. Congress to evaluate the World Bank and IMF. Sarah is a co-author of the books Field Guide to the Global Economy (New Press, 2nd edition, 2005) and Alternatives to Economic Globalization (Berrett-Koehler, 2nd edition, 2004).