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Vocabulary Quiz
discrepancy • barely get by • innovation
hang on • lose out • nothing against • overpaid
  1. I think my manager is really for what he does.
  2. He doesn't want to , he wants to have a life of luxury.
  3. Our company is known for and creative thinking.
  4. I recently became aware of the in our salaries.
  5. Can you a second?  I have another call.
  6. She has eating meat, she just doesn't like it.
  7. When you lie to people you will always in the end.
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Answer the following questions about the interview.
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984 Salary Caps
Greg and Todd debate whether there should be limits to salaries.

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Vocabulary notes (text only) explain key vocabulary and phrases from the interview.

The discrepancy in wages


The discrepancy in wages is way too great.

We use the phrase 'discrepancy in wages' to talk about the difference between how much money people earn. If, for example, one person makes 18,000 Euros a year and another makes 2,000,000 Euros, the discrepancy in wages is very big. Notice the following:

  1. Though American women have achieved social equality with men, discrepancy in wages still exists.
  2. The discrepancy in wages in many emerging economies is fast becoming a politically sensitive topic.

barely getting by


They are barely getting by.

When we are 'barley getting by' that means we have very little money to buy basic things like food, clothing, and shelter. Here are two samples.

  1. Though South East Asian economies are growing fast, in some countries the majority of people are barley getting by.
  2. As a kid, my family was really poor. Both mom and dad worked, but we barely got by.

hurt innovation


I think that hurts innovation.

Here, Todd thinks that limiting salaries discourages people from thinking of new ideas or ways to do things. Notice the samples.

  1. Capitalists would argue that socialism hurts innovation.
  2. Like it or not, money motivates most people. No money, no motivation, which hurts innovation.

hang on


Hang on a minute. I did not say that.

'Hang on' simply means wait a moment. It's very informal and a bit direct. Here are two samples.

  1. Sorry, that's my phone. Hang on a minute while I take this call.
  2. It's cold outside.  Hang on a minute while I get my coat.

lose out


People would lose out as a result.

When we 'lose' out', that means something has had a negative effect on us. Notice the sample sentences"

  1. Some economists believe that when we raise corporate taxes, the cost is passed on to consumers and people lose out.
  2. Limiting salaries hurts innovation and both people and the companies that employ them lose out.

I have nothing against


I have nothing against people becoming rich or making a good salary.

When we have nothing against something or someone, that means we do not have a problem.  Notice the following:

  1. I have nothing against professional athletes, but I think their salaries are too high.
  2. My dad says he had nothing against me studying abroad.

grossly overpaid


I think some people get grossly overpaid.

When someone is grossly overpaid, they are paid, in the opinion of some, way too much money. Notice the following:

  1. I think it's unfair that some people are grossly overpaid, unless of course it's me!
  2. David Beckham is a great player, but he's getting older and slower now so to be honest, I think he's grossly overpaid.