This is Bloomberg Opinion Today, a 10-minute version of Bloomberg Opinionâs opinions. Sign up here.Todayâs Agenda Finland aims to fix its ge [Bloomberg](
Follow Us [Get the newsletter]( This is Bloomberg Opinion Today, a 10-minute version of Bloomberg Opinionâs opinions. [Sign up here](. Todayâs Agenda - Finland aims to fix its [gender pay gap](.
- [Inflation]( is a Taylor Swift album in disguise.
- The [Bitcoin hype]( needs to be deflated.
- [Gary Gensler]( aims for PEâs jugular.
What's in Your Wallet? Finland loves to experiment with money. First it did the whole[universal basic income]( thing. Now itâs mulling a [grand exercise in pay transparency](. The government is weighing a law that would let workers who suspect gender-based discrimination access colleaguesâ salary information. Now, you might be wondering why Finland needs to do this. Doesnât it have one of the planetâs most generous [parental leave policies](? But despite plenty of programs targeted at gender equality, the nation of saunas and reindeers still has a wide pay gap. In fact, itâs almost as bad for Finnish women as it is for American women, which is pretty bad. Last year, they earned 17% less than men: Pay transparency might be an answer. âItâs hard to fight for fair pay when you have no idea what your colleagues are making,â writes Therese Raphael. My boss could be getting paid in Skittles for all I know! If Eric Adams didnât gush about crypto 24/7, weâd have no idea heâs getting [paid in Bitcoin]( (which, for the record, Alexis Leondis thinks could lead to some [headaches](). Exposing pay could have [unintended consequences](, not all of them good, Therese notes. What happens when the female elves in [Santa Claus Village]( find out their male counterparts are making absolute bank? Finlandâs experiment wonât magically reverse the pay discrimination women have long endured. But with a problem this complicated, throwing spaghetti at the wall in the hope it sticks isnât a bad idea. Read the [whole thing](. Bonus Employment Reading: - [Lie-Flatters and Great Resigners]( are proliferating. Are they taking big risks? â Allison Schrager, Alexis Leondis, and Erin Lowry
- It took 200 years to fix the labor crunch caused by the Black Plague. [This time is different](. â Gary Shilling Inflation (Taylorâs Version) I have a love-hate relationship with Taylor Swift. Every time she [releases a new album](, my life gets turned upside down. The cycle goes something like this: - Disruption and shock: Wait, Taylor Swift has a new album out? I must dedicate all of my waking hours listening to it. - Thrill and obsession: Everyone is talking about Taylor Swift and I am totally in on the inside jokes about [Jake Gyllenhaalâs scarf](!!! - Confusion and uncertainty: Wait, what do I do after I listen to âAll Too Wellâ on repeat until my ears bleed? Does this mean I have to ⦠listen to Ed Sheeran? Or â gasp! â go outside and socialize with friends? - Anger and frustration: How have I let Taylor Swift manipulate me like this? - Yearning and sadness: I feel empty without new Taylor Swift music. Now, in the above sequence, replace Taylor Swift (and Jake Gyllenhaalâs scarf) with the word âinflation,â and youâll get a sense of how the inflation-obsessed among us have spent the past decade. Theyâve talked for years about inflation when none was in sight. But now itâs back, [apparently to stay for a while](, John Authers suggests, and disruption and shock are back too. The nostalgia is so thick weâre even reviving that old Alan Greenspan hit: [Why Are Treasury Yields So Low](? Bonus Inflation Reading: - Why do [economists dislike inflation anyway](? â Tyler Cowen
- [Walmart is keeping prices low]( in preparation for a post-inflation world. â Tara Lachapelle Telltale Charts Bakktâs ability to convert Bitcoin into Starbucks rewards is not exactly magical, but its valuation says otherwise. The hype is further evidence of [crypto being more meme than money](, writes Lionel Laurent. [Gary Gensler is coming for the black box that is private equity](. Paul J. Davies points out these funds might be enriching their own big guns, but thereâs little proof theyâre helping anyone else. Further Reading [Tourists toting firearms in Times Square]( is a nightmare the Supreme Court must prevent from becoming a reality. â Editorial Board The rules about [Covid boosters are too confusing](. Just let everybody get them. â Scott Kominers Europeâs new [refugee crisis could always get much worse](. â Andreas Kluth [Indiaâs electric-vehicle public-awareness]( campaign is a model for the world. â Anjani Trivedi The F-35 fighter may be a poster child for wasteful Pentagon spending, but itâs actually [critical for the military](. â Tobin Harshaw [Bidenâs infrastructure win]( deserves to be celebrated, even if it doesnât make him more popular. â Jonathan Bernstein [Fighting Tesla over warrants is worth it]( for JPMorgan. â Matt Levine ICYMI Netflix changes how it ranks its [top-10 lists](. When people buy stuff, [stocks go up](. The jurors debate [Kyle Rittenhouse](âs homicide trial. Kickers [Steak printer]( goes brrr. Avoid heart disease by going to bed at the [perfect time](. (h/t Ellen Kominers) The [weirdest video on Twitter today]( is about you. (h/t Ale Lampietti) Notes:  Please send medium rare filet mignon and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Like Bloomberg Opinion Today? [Subscribe to Bloomberg All Access and get much, much more](. Youâll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Before itâs here, itâs on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals canât find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter.
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