Generation Zs Entering Job Market. Business / Law (4 Registered Users)
Beginners:
- enter work / job market – wejść na rynek pracy
Younger millennials who entered work after financial crisis will have low pay.
Intermediate:
- contradict – przeczyć/ zaprzeczać
But the realities of the recent years contradict this.
Advanced:
- to be at risk – ponosić ryzyko
Zs are at risk of being the first generation of workers in modern times to see their lifetime earnings fall.
Full text:
- predecessors – poprzednicy
- growing gap – coraz szersza luka
Britain’s current young generation earned £8,000 less during their 20s than their predecessors and are at risk of being the first cadre of workers in modern times to see their lifetime earnings fall. There is a growing gap between a
“more prosperous older generation and a struggling younger generation”.
Looking at the pay of a typical 25-year-old the report found that older Generatio Zs, who are now in their early to mid-20s and therefore turned 25 before the financial crisis hit, were the first workers to earn less than those born five years before them. It added that younger Zs who entered work during or after the financial crisis will have their pay even lower.
- outlook for – tutaj perspektywy na … / szanse na …
- take for granted – przyjąć cos za pewnik
- contradict – zaprzeczyć
Experts warn that the impact of earning less coincides with a worse outlook for home ownership. In the West it has been taken taken for granted that each generation will do much better than the last – earning more and enjoying a higher standard of living. But the realities of recent years and prospects for the future contradict this. Far from earning more, Zs have earned £8,000 less so far during their 20s than the generations before them.