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Write down the difference between underemployment and unemployment?
Answer:
Answer to be written in exam
|
Basis |
Underemployment |
Unemployment |
|
Meaning |
Underemployment means that people have jobs but work less than their potential. |
Unemployment is a situation that occurs when a person actively searches for a job but is unable to find it. |
|
Causes |
Increase labor supply against limited demand and the Lack of employment opportunities , Lack of education or vocational training. |
Job outsourcing , recessions, voluntarily leaving , Technological advancements leading to job displacement. |
|
Type |
Underemployment can be visible or invisible. |
Unemployment can be seasonal , frictional , structural etc. |
|
Example |
An agricultural field which required only 5 labour force has 10 of them working on the same field. |
A person who recently resigned their job or was fired and is looking for job in the market. |
