While the average worker in the Uk makes less thank 80k per year, with inflation running at 10% there are many suffering. This could be alleviated by sacking those at BP running affinity groups, many of which are making $500k+ per year and some like the head of DEI (you know who) is comfortably at $1 mln+. This is criminal and needs to be addressed. Sack MC now and charge a windfall tax of 70% on big oil.
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Britain is not a society where everyone is entitled to the same income. Education and hard work can for some result in higher paying jobs. It’s not just those in the UK who are suffering economically. The British government has elected over the year to enact policies that have impact the reliability and security of its energy sources. During Covid when BP and other oil majors were losing money hand over fist did you step up and argue we should receive government funds? The market price for oil, petrol and all other products is not set by BP - it is a factor of the market and is heavily impacted by OPEC production, storage numbers, market demand and geopolitical factors (like war) none of which are controlled by BP. The benefit of higher prices is more money to invest in the future which will bring down affordability over time. But no lender is going to lend to new technology which is greener without returns. Lenders also have shareholders. Your statements sadly are full of ignorance to the real world of business and government.
Sooooo when oil crashed and actually traded negative were you keyboard warrioring and arguing that oil companies needed a bailout to keep up with future demand? Doubt it.
Peon, get real, $500k plus benefits is barely at the low end of competitive for my skill and contributions made. 10% inflation is due to your own government’s stupidity, it’s not my problem. I deserve, and most likely will get, more financial reward this year, and you, can like it.
The issue of income inequality and the high salaries of executives in some industries is a complex one, and there is a debate on the most appropriate solutions. Some people believe that cutting the salaries of executives and imposing high taxes on certain industries is the best way to address income inequality, while others argue that this could negatively impact the economy and discourage investment.
It's worth noting that some companies have implemented measures to reduce income inequality and support their employees, such as implementing fair compensation practices, providing benefits and opportunities for growth and development, and promoting diversity and inclusion.
Regardless of the approach, it's important for companies to be transparent and accountable in their practices and for governments to consider the impact of their policies on the economy and on the citizens they serve.
It's up to the individuals and society as a whole to determine the best way to address income inequality and promote economic fairness.
Hi - big oil laid off thousands upon thousands of people and had massive losses these past few years, leading to under investment, leading to supply shortages, leading to the high prices you see today. So - punishing big oil for making money after a 7-8 year downturn is not productive - destroying big oil will create the current problem x 100. Affinity groups have nothing to do with the current crisis in Europe. Have some sense.