New words – 6 May 2019

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FIRE noun [U]
UK /ˈfaɪəʳ/ US /faɪr/
abbreviation for financial independence, retire early: a way of life that involves working hard and saving as much money as possible during your 20s and 30s in order to be able to retire when you are in your 40s

The ‘retire early’ part of this movement can be something of a misnomer. Many FIRE devotees don’t plan to spend 50 years playing bridge or taking leisure cruises. Instead, the focus is on financial independence: the aim is to save enough of a nest-egg, and live simply enough, so that the ensuing decades can be spent doing something other than chasing payrises and promotions at a corporate job, or worrying about owing the bank a large mortgage.
[, 2 November 2018]

disloyalty bonus noun [C]
UK /ˌdɪsˈlɔɪ.əl.ti.bəʊ.nəs/ US /ˌdɪsˈlɔɪ.əl.ti.boʊ.nəs/
a salary increase gained through changing to a new job rather than staying in your old one, where salaries for existing workers tend not to increase at the same rate

Workers who choose to stay in their jobs rather than move are missing out on a ‘disloyalty bonus’, a new report suggests. The Resolution Foundation found pay growth has hit 10% for those who change jobs, while those who remain in their posts received a pay rise of just 2.5%.
[, 2 August 2018]

flexism noun [U]
discrimination against someone who has flexible working hours

“What I’m really trying to do with the term ‘flexism’ is take out the sexism part of flexibility. It’s not about being discriminated for working flexibly because you’re a woman or a mom. It’s about being discriminated for working flexibly full-stop. Until we make flexibility available to everyone for any reason, we’re going to continue to see flexism in the workforce.”
[, 22 June 2018]

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