Give me more details about unemployment and underemployment ?
What are the differences between them?
2006-10-30 01:26:00 · 4 answers · asked by ula_hawk 1 in Business & Finance ➔ Careers & Employment
Underemployment describes the employment of workers with high skill levels in low-wage jobs that do not require such abilities. For example, someone with a college degree may be tending bar or driving a cab or being a cashier. Alternatively, a skilled machinist may be working at a fast-food outlet.
Unemployment describes condition of a person who is able to work, is actively seeking work, but is unable to find any.
2006-10-30 01:37:12 · answer #1 · answered by misstigeress 4 · 0⤊ 0⤋
I believe that unemployment is not being employed at all and "underemployment" describes when someone with high level skills is working at a low paying job that doesn't use their skills. For example, a college educated person working as a cashier.
In macroeconomics, it refers to excess unemployment: high unemployment relative to full employment or the natural rate of unemployment.
2006-10-30 09:34:30 · answer #2 · answered by Tara P 5 · 0⤊ 0⤋
Underemployment is when you are employed by someone and you aren't making enough money to pay all your living expenses.
Unemployment is when you don't have a job at all. You are not scheduled to go to work for anyone and no one pays you a check.
2006-10-30 12:37:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Underemployment is what you have to do if you cannot prolong any longer the search for employment (when you are unemployed). You accept any job that is under your capacity level and conditions.
If it is your case, good luck!
2006-10-30 10:52:05 · answer #4 · answered by human32 2 · 0⤊ 0⤋