unemployment figures but there’s a huge problem with underemployment
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unemployment figures but there’s a huge problem with underemployment
A UK think tank is suggesting that, while unemployment figures are relatively low, underemployment is an escalating problem. And its findings could provide food for thought for policy makers.
Counting the hours
One of the problems with the definition of unemployment is that it doesn’t take into account part-time workers who want full-time work.
In its report [pdf] Counting the Hours, the Resolution Foundation touches on this while looking at the “hollowing out” of the labour force in the UK. Or in other words, the loss of middle-paid jobs, which has previously been argued to be the result of automation and moving jobs overseas.
https://www.thecanary.co/uk/2018/01/15/government-smug-unemployment-figures-theres-huge-problem-underemployment/
Counting the hours
One of the problems with the definition of unemployment is that it doesn’t take into account part-time workers who want full-time work.
In its report [pdf] Counting the Hours, the Resolution Foundation touches on this while looking at the “hollowing out” of the labour force in the UK. Or in other words, the loss of middle-paid jobs, which has previously been argued to be the result of automation and moving jobs overseas.
https://www.thecanary.co/uk/2018/01/15/government-smug-unemployment-figures-theres-huge-problem-underemployment/
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