4. Work and business

1 Working life

2022-01-13T12:08:10+02:00

appoint	to choose somebody for a job or position of responsibility	She was appointed the chief of admission position.	nimittää/määrätä
internship	a period of time during which a student or new graduate gets practical experience in a job, for example during the summer holiday	His intership at the publishing company was useful for his future career.	työharjottelu/ työharjottelupaikka
minimum wage	the lowest wage that an employer is allowed to pay by law	The minimum wage in the United states is only $7.25.	minimipalkka
innovative	introducing or using new ideas, ways of doing something, etc.	The board presented many new innovative ideas at the meeting.	innovatiivinen
menial	(of work) not considered important; not needing special skills and often boring or badly paid	They made her do a lot of menial tasks at her summer job, like cleaning and organizing.	vähäpätöinen/yksinkertainen
intermittent	stopping and starting often over a period of time, but not regularly	Her attendance at work was intermittent which was one of the reasons why they fired her.	ajoittainen/katkonainen
multitask	to do several things at the same time	She was really good at her job and very efficient because she could multitask.	tehdä useaa asiaa samanaikaisesti
overtime	time that you spend working at your job after you have worked the normal hours	He did a lot of overtime during the time they were starting up their company.	ylityö/yliaika
supervisor	a person who supervises somebody/something	People thought he took his supervisor position too seriously.	valvoja
underemployed	not having enough work to do; not having work that makes full use of your skills and abilities	She used to work as supervisor and now works as a cashier and feels underemployed.	vajaatyöllistetty

2 Business

2022-01-13T14:13:57+02:00

associate	a person that you work with, do business with or spend a lot of time with	Their company went under because one of their associates did tax fraud in the companys name.	liikekumppani/kollega
liquidate	iquidate (something) to close a business and sell everything it owns in order to pay debts	They had to liquidate all of the companys assets.	likvidoida/hävittää
enterprise	a company or business	Her enterprise had been doing well and it reached a 10% grow in revenue.	yritys/firma
broker	a person who buys and sells things for other people	He was so busy with his business so he hired a broker to help him out.	välittäjä/meklari
consumerism	the belief that it is good for a society or an individual person to buy and use a large quantity of goods and services	Many companies and enterprises are built on the consumerism in our society.	kulutusmyönteisyys/konsumerismi
fall through	to not be completed, or not happen	Our business plans fell through because we couldn't get the funding we needed.	epäonnistua
foothold	a strong position in a business, profession, etc. from which somebody can make progress and achieve success	Nokia used to have a strong foothold in the electronics market in the 90's.	jalansija
logistics	(of something) the practical organization that is needed to make a complicated plan successful when a lot of people and equipment are involved	They hadn't figured out the logistics of actually running a company.	logistiikka
merchandise	goods that are bought or sold; goods that are for sale in a shop	Their merchandise has been raved about in a handful of magazines.	kauppatavara
patent	an official right to be the only person to make, use or sell a product or an invention; a document that proves this	He came up with an extraordinary invention and was told to patent it as soon as possible.	patentti

3 Money

2022-01-13T13:53:59+02:00

withdrawal	(of something) (from something) the act of taking an amount of money out of your bank account	Someone came in to the bank just to withdrawal one euro form their account.	otto/nosto
valueless	without value or worth	The money he tried pay with was so little in local currency that it was basically valueless.	arvoton
tax haven	a place where taxes are low and where people choose to live or officially register their companies because taxes are higher in their own countries	Many tax havens are different islands like the British Virgin Islands and Cayman Islands.	veroparatiisi
stagflation	an economic situation where there is high inflation (= prices rising continuously) but no increase in the jobs that are available or in business activity	Stagflation is a very dangerous situation for the economy because it essentially makes it not work properly.	stagflaatio
reduction	an amount of money by which something is made cheaper	Our company managed to make a 20% reduction in costs.	alennys/vähennys
payable	that must be paid or can be paid	The bank assured that our loan is payable with twice a month payments.	maksettava
greed	a strong desire for more wealth, possessions, power, etc. than a person needs	His greed for money made him lose all of his posessions in the end.	ahneus
entrepreneurship	the activity of making money by starting or running businesses, especially when this involves taking financial risks; the ability to do this	Her entrepreneurship is enviable considering that she started a enterprise with just 2000 euros.	yrittäjyys
deposit	to put money into a bank account	I tried to deposit pounds into my bank account in Finland.	tallettaa
accounting	the process or work of keeping financial accounts	She has always wanted a career in accounting since she's good with money.	kirjanpito

Work and business Quizlet

2022-01-13T14:19:00+02:00

Quizlet: Work and business

Work and business text

2022-01-18T10:30:24+02:00

Text

Covid variants have led to worse global unemployment

SANASTO

variants = variantit
global unemployment = globaali/maailmanlaajuinen työttömyys
joblessness = työttömyys
outlook = näkymä
markedly = ilmeisesti/selvästi
assessment = arvio
equivalent = vastaava/vertainen
quarter = neljännes
period = ajanjakso
doubling = tuplaus
impact = vaikutus
significantly = huomattavasti/merkittävästi
labour force = työvoima
director-general = pääjohtaja/ylijohtaja
labour market = työmarkkinat
prolonged = pitkittynyt
downgrade = lasku
fare (fared) = pärjätä
(ILO = The International Labour Organisation)

KYSYMYKSET

1. What did the International Labour Organisation say about the outlook for jobs this year?

2. What did the International Labour Organisation´s assesment say about Covid's affect on unemployment?

3. According to ILO's estimates, how big of a difference is there between the amount of jobs in 2022 and in the last quarter of 2019?

4. What did the ILO director-general Guy Ryder say about worsening global unemployment?

5. How have different countries managed the labour market damages?

Vastaukset

1. The International Labour Organisation said that the new Covid variants have affected the outlook for jobs this markedly in a bad way because the new variants have slowed growth and restricted hiring.

2. The International Labour Organisation's assessment said that nemployment would stay above 2019 levels until 2023 and it would take years to repair the damages caused by Covid-19.

3. ILO estimates that there is going to be 52M fewer jobs in 2022 than in the last quarter of 2019, when the pandemic had struck.

4. The ILO director-general Guy Ryder said that there are potentially lasting damages happenin to the labour markets and that there has been increases in inequality and poverty. He also added that many workers are having to shift to different work in response to slumps in different work fields.

5. Recovery from the damages in labour markets was fastest in high-income countries, where a bigger percentage of the population has been vaccinated. Lower income countries have managed the recovery the worst and have fared the worst in the pandemic.