In 2020 bosses of the top EU companies had weekly earned the same amount that an average worker in Europe earns in an entire year. And according to the Economic Policy Institute, despite the spreading of Covid-19 epidemic, chief executives of the 350 largest US companies earned an average of $ 20 million in 2020. In other words, there are evidence that top bosses continue to earn high salaries while coronavirus pandemic is exposing low-income populations to job losses and health risks.
The executive's price-driven salaries began in the early 1980s, when CEOs pay become connected with share prices (companies' share prices on stock markets). The problem is that sometimes an excellent company has nothing to do with the CEO. Not to mention of companies that operate in an oligopoly, as we can see nowadays in the emerging vaccine industry.
While people at the top are maintaining their wealth and society is suffering higher levels of inequality, the EU unveils plan for Covid-19 digital pass to allow travel within member states with the aim of helping entrepreneurs and workers who are involved in travel industry and tourism.
The digital pass is expected to consist of QR code that can easily be scanned at airports, as it will be in digital or paper format. On the one hand, some EU states say the digital pass discriminates people who didn't receive the injection to prevent Covid-19 illness. On the other hand, EU Commission says the certificate is not discriminatory and would be suspended after pandemic ends.
The following pictures show some popular tourist destinations in EU ... I hope tourists will come back there in the next months.