Saudi Arabia is reportedly threatening a new fight over oil prices. The Wall Street Journal reports that the kingdom demanded that its fellow OPEC members slash production or risk reigniting a battle that led to plunging oil prices earlier this year.
The Treasury Department will lend $700 million to YRC, the big trucking company. In exchange for the loan, which comes from a fund Congress set aside to help pandemic-stricken corporations, the federal government will take a nearly 30 percent stake in the company.
How much money do you make?
It’s a taboo subject. It’s also crucial to reducing economic inequality. For the series on “The America We Need,” Times Opinion editors asked readers to reveal what they were paid last year and whether they thought that rate was fair. More than 1,000 people responded.
Many people think they aren’t paid enough, and a few think they’re paid too much. Almost all of the respondents said that a lack of transparency made it hard to know whether their pay was normal or fair:
• Kerisha, social media manager, $70,000: “I would like to see a change in the secrecy around compensation. If we don’t start talking about it, nothing will change.”
• Hannah, product manager, $120,000: “It’s not healthy, emotionally or mentally, to work in an environment where you’re always wondering whether you’re being valued. And when there’s transparency, you’re not wondering.”
• Jay, senior director, $236,000: “I’m not convinced employees will make more money with transparency. But with transparency, employers are really forced to administer their wages in a compliant manner, in an honest way, and think about how they want to administer pay.”
What do you think? To promote fair pay, should people be able to find out what their co-workers earn? Let us know at firstname.lastname@example.org — include your name and location and we may feature your response in a future newsletter.