- compensation /kom-puhn-SEY-shuhn/
- sector /SEK-ter/
- raise /reys/
- skyrocket /SKAHY-rok-it/
- in good shape /in-good-sheyp/
[noun] – money that is paid to someone in exchange for something that has been lost or damaged or for some problem
He received one year’s salary as compensation for layoff.
[noun] – one of the areas into which the economic activity of a country is divided
The export sector is doing its best to recover from economic loss.
[noun] – an increase in the amount money you earn
Several employees were disappointed because of the new company policy in salary raise.
[verb] – (esp. of amounts) to rise extremely quickly
Oil prices have skyrocketed due to low supply.
[idiom] – prepared and ready to do something
Make sure your car is in good shape before embarking on this trip.
Private sector workers–particularly in the hospitality industry–did even better, with pay raise of up to 4.4% over the same period. Last year, as employers struggled to recruit workers, labor expenses in the United States skyrocketed. However, when the income additions are adjusted for the high inflation of the pandemic, they are no longer as enticing. For the year ending in December, inflation-adjusted wages and salaries declined by 1.9%. Based on a poll released by a news agency last month, three-quarters of Americans are concerned about their own neighborhood’s economic status, while 63% believe the country’s economy is not in good shape. Poll respondents said that the rising costs of food, petrol, and other basic necessities are a serious problem. Other key economic challenges mentioned include supply chain disruptions, rising housing costs, labor shortages, and government spending. Meanwhile, U.S. President Joe Biden is receiving low marks for his handling of the economy, with only 30% of respondents believing his policies have improved circumstances and 45% saying they have worsened them.
- Is the job market in your country growing? Please share more about it.
- Do prices usually increase in your country? Kindly tell me more about it.
- What job do you want to have in five years’ time and why?
- For you, is Japan one of the richest countries in the world?
- In your opinion, what is the world’s biggest economic problem? Please explain your answer.