difference between disguised and underemployment?
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When a work that requires only three individuals for its completion is being done by five persons, the two additional persons are disguised unemployed. Underemployment: Underemployment refers to a situation in which the wage is insufficient in some important way for the worker, relative to a standard skill.
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- Underemployment is a measure of employment and labor utilization in the economy that looks at how well the labor force is being utilized in terms of skills, experience, and availability to work. ... This is different from unemployment.
- disguised unemployment is a kind of unemployment where some people seem to be employed but are not.
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