Define the concept underemplyment.
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Definition the concept underemployment is as follows:
- Underemployment refers to the situation where people are employed at less than full time job.
- It means this job is inappropriate with their training and economy.
- This can causes higher poverty life.
- It decreases workers skills and interest in job.
- Underemployment has three types- low paying but highly skilled, part time job and part time job.
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Underemployment:
- Underemployment happens when even one person doesn’t have a job that is full-time or that affects her or his financial and training needs.
- Underemployment happens when they is a decline in the economic conditions of the country or when there is recession.
- For example: A person graduating from the college with a certain reputable degree is only able to find a job in a retail market.
- It is the 'percentage of employable people' in a country's workforce who are 'above the age of sixteen' and who have 'either lost their jobs' or 'failed to sought jobs' in the last month and are energetically seeking work.
- It is not the same as unemployment. Unemployment is not able to find any jobs.
Learn more about Underemployment:
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