https://www.koreatimes.co.kr/www/biz/2024/06/126_376501.html
Microbusiness owners grapple with sharp rise in wages
Microbusiness owners are grappling with the prospect of a wage increase outpacing their profits, prompting them to closely monitor ongoing negotiations regarding next year’s minimum wage.
www.koreatimes.co.kr
Microbusiness owners are grappling with the prospect of a wage increase outpacing their profits, prompting them to closely monitor ongoing negotiations regarding next year’s minimum wage.
microbuisness owners 소상공인, 초소형기업 오너
grapple with = struggle with = strive to = wrestle with = contend with ~로 고군분투하다, ~로 애쓰다
prospect = likelihood = possibility = probability = odds = chance 가능성, 공산
wage increase = wage hike = wage rise = pay rise 임금 상
outpace = exceed = surpass = outdo = outstrip = overrun = outrun = outshine = outclass = beat 앞지르다, 앞서다, 능가하다, 초과하다
ongoing = in progress = under way = going on 현재 진행중인
minimum wage 최저 임금
According to Korea Federation of Micro Enterprise (KFME), Wednesday, the average labor cost grew 2.44 times faster than sales and operating profits from 2022 until May of this year. KFME said the average labor cost of microbusinesses totaled 2.76 million won per month in 2022, 2.92 million won in 2023 and 2.95 million won in the January-May period of this year — meaning a 2.2 percent annual increase.
average labor cost 평균 인건비
sales profits 매출 순익
operating profits 영업 이익
total = number = add up to = sum up to = total up to = tally up to = amount to = stand at = arriave at = run into 총 ~에 이르다, 합계가 ~이다
annual increase 연간 증가
In contrast, their monthly sales averaged 11.9 million won in 2022, 12.3 million in 2023 and 12.2 million in the January-May period, resulting in a 0.9 percent compound annual growth rate in sales over that period. Operating profit also rose 0.9 percent annually, with monthly operating profit averaging 2.65 million won in 2022, 2.82 million won in 2023 and 2.73 million won in the January-May period.
in contrast = as opposed to = in comparison with = contrary to = on the contrary = vis-a-vis = whereas = on the other hand = against ~와는 대조적으로, ~와 달리, ~와 반대로
monthly sales 월 매상고
average 평균 ~이 되다
compound annual growth rate (CAGR) 연평균 성장율
monthly operating profit 월 영업 이익
“The data showed the pace of growth in labor costs was 2.44 times faster than that of sales and operating profit,” the federation said. It noted that the higher growth of wages compared to profits has impacted hiring across microbusinesses nationwide, highlighting that the average number of workers at each microbusiness decreased from 2.2 in 2022 to 2.1 in 2024.
the pace of growth 성장 속도
it notes that ~을 주목하다, ~을 지적하다
the growth of wages 임금 상승
hiring 고용, 임대차
highlight = stress = underscore = accentuate = emphasize 강조하다
“These businesses may find it increasingly challenging to cope with the minimum wage if it is raised next year,” the federation said. The finding comes in the midst of tripartite negotiations among the government, management, and labor sides concerning the 2025 hourly minimum wage.
increasingly = more and more = gradually = by degrees = little by little = bit by bit 점점더, 점점
challenging = demanding = taxing = testing = exacting = formidable = daunting = burdensome = onerous 힘든, 어려운, 만만찮은
in the midst of = in the middle of = midway through = halfway through = amid ~하는 가운데, ~하는 중에
tripartite = three-way 3부로 된, 3자로 이뤄진, 3자간의, 3방향의
hourly minimum wage 시간당 최저 임금
This year’s wage is 9,860 won, and next year's amount can easily surpass 10,000 won if inflation is taken into account. In a survey taken by KFME, 64.9 percent of microbusiness owners nationwide responded that the 2025 minimum wage should be lowered from the current level.
surpass = outpace = exceed = outdo = outstrip = overrun = outrun = outshine = outclass = beat 앞지르다, 앞서다, 능가하다, 초과하다
take into account = consider = take into consideration 참작하다, 고려하다, 계산에 넣다
take a survey 설문 조사를 하다
from the current level 현재 수준에서 , 현재 수준보다
By sector, 73.7 percent of barber shop and hair salon owners wanted the minimum wage to be lowered. Some 73.5 percent of convenience store or mom-and-pop store owners called for a cut in the minimum wage, while 72 percent of internet café operators gave the same response.
barber shop 이발소
hair salon 미용실
convenience store 편의점
mom-and-pop business 부부경영 회사, 영세 사업자, 가족 경영회사
call for = demand = ask for = call on = call up 요구하다, 요청하다
“The minimum wage should be determined by considering unfavorable business conditions faced by microbusinesses, because otherwise they may have to shut down their businesses,” the federation said. It also said microbusinesses should be given a chance to explain their circumstances to representatives of the three-party talks on the minimum wage.
unfavorable = disagreeable = unpleasant = disapproving = disavantageous 불리한, 호의적이지 않은, 유쾌하지 않은
business condition 사업 환경
shut down = close down = cease operating = halt work = stop work 문을 닫다, 폐쇄하다, 폐점하다
be given a chance to ~할 기회가 주어지다
three-party talks = three-way talks = tripartite conference = tripartite talks 삼자 회담
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