EU: A small step towards gender equality in pay – by Kalina Arabadjieva

Earlier this month, the European Commission published its long-awaited proposal for a directive to strengthen application of the principle of equal pay between men and women for equal work or for work of equal value.

The proposal contains various measures to ensure greater transparency in pay. It would also enhance enforcement of the existing framework, through equal-pay claims by workers and by state bodies. It is undoubtedly a much-needed step in the right direction—b

Read more at: A small step towards gender equality in pay – Kalina Arabadjieva

EU Directives: new EU Directive provides better working conditions and more predictable working conditions for Temp. Workers

Read more at:
https://www.socialeurope.eu/better-working-conditions-more-predictable-work-the-new-eu-directive

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Did You Know That Women Are Still Paid Less Than Men?

On average, full-time working women earn just 77 cents for every dollar a man earns. This substantial gap is more than a statistic -- it has real life consequences. When women, who make up nearly half the workforce, bring home less money each day, it means they have less for the everyday needs of their families, and over a lifetime of work, far less savings for retirement.

President Obama supports passage of the Paycheck Fairness Act, which Congress puts to a vote on June 5. This comprehensive and commonsense bill updates and strengthens the Equal Pay Act of 1963, which made it illegal for employers to pay unequal wages to men and women who perform substantially equal work.

Read more: Did You Know That Women Are Still Paid Less Than Men? | The White Hous

Insurance Industry: Outgoing Aetna chairman gets a $68.7 million goodbye - by Gary Strauss

The outgoing chairman of the nation’s third-biggest health insurer exercised stock options worth more than $50.3 million and pulled in $18.4 million in pay, stock and other compensation, according to the company’s 2011 proxy filing.

Williams’ $68.7 million payout ranks among the highest of any 2010 compensation package. Of the proxies filed so far, Viacom’s Philippe Dauman ranks No. 1, receiving nearly $84.5 million in compensation, while Occidental Petroleum’s Ray Irani was No. 2, with a compensation package valued at $76.1 million.

Note EU-Digest: there is something totally wrong with our society when there are people who have to live on one euro a day or less, while Mr. Williams gets $68.7 million for his services. Maybe it is good for corporations like AETNA to remember what Aristotle wrote: "revolutions arise from inequalities, numerical or qualitative--from a numerical mass claiming an equality denied them, or from a minority claiming a superiority denied them".

 

For more: Outgoing Aetna chairman gets a $68.7 million goodbye - USATODAY.com

Hubb Pages: Why Do Athletes Make So Much Money?

For the complete report from Hub Pages click on this link

Why Do Athletes Make So Much Money?

Alex Rodriguez is a 32 year old Miami native, and, having entered the workforce directly out of high school, currently holds down a job in New York City. Normally, at least for those entering the workforce right out of high school, attaining a good career is rather difficult. This is especially true considering that more and more employers are requiring prospective employees to attain at least a bachelor’s degree just to get into an interview room. However, Rodriguez, since the age of 18, has lived a rather comfortable lifestyle--- he never has had to worry about where is next meal is coming from, where to find shelter for himself and his family, nor has he had to rely on his monthly paycheck to sustain his family. What makes these facts even more interesting is Rodriguez’ work schedule--- he works only 7 months per year. This is because, in 2000, at the tender young age of 25, he signed a contract with his employer for 10 years and 252 million dollars--- all guaranteed salary. What is Mr. Rodriguez’ profession? He plays 3rd base for the New York Yankees. Rodriguez, all in the time it took to sign his name on a contract, quickly became the main scapegoat for a widely growing resentment in American society. This resentment is of the professional athlete. Not the athlete, so much as the salary the athlete earns for participating in an activity that is typically ascribed to the behavior 10 year old child. Are athletes overpaid? Or are their salaries justified? To progress to any understanding on this issue, four key questions must be answered.

Socyberty: Why Athletes Get Paid So Much and We Don't - by Ben Reece

For the complete report from Socyberty click on this link

Why Athletes Get Paid So Much and We Don't - by Ben Reece

Ever wonder why athletes and movie stars get ridiculous salaries? Are the nation's priorities skewed or is there a good reason for it? Through simple economic principles, we find the reasoning behind it all. A lot of people wonder why athletes and entertainers get paid so much. You know the old cliché, how can we pay teachers so little but pay athletes EURO 10 million to kick a soccer ball? It seems a little ridiculous, doesn’t it?