b) Distinction Between Unemployment & Underemployment

Cards (3)

  • what is underemployment?
    want to work more hours than they currently work
    working in a job that requires lower skills than they have e.g. an architect working as a gym instructor
  • what's Underemployment a response to?
     cyclical unemployment- where Workers who have lost their jobs in a weak economy are willing to take part-time jobs or accept roles outside of their main skill base
  • how's Underemployment a consequence of structural unemployment?
    Unless workers retrain and gain new skills, it's hard to gain full employment