Essay Available:
Pages:
1 page/β275 words
Sources:
1 Source
Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Total cost:
$ 4.86
Topic:
Effects of Underemployment to the Economy
Essay Instructions:
Discuss this week's objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.
Please discuss how underemployment effects the economy, and relate effects to people using their skills to enter into other industries such as Teaching in Public Schools.
Essay Sample Content Preview:
Learning Team Deliverable Week 6
Name;
Institutional Affiliation;
Date;
Introduction
Underemployment is conceived as the supply of excess labor in association with employed people trying to work more hours at an established wage rate. It has been revealed that this function has greater adverse effects to the economy of a nation (Van Ham, Mulder, & Hooimeijer, 2001). This paper therefore seeks to determine the effects of underemployment to the economy of a nation.
Effects of Underemployment to the Economy
Looking at it from a different angle, employment remains the prime source of income in many nations thus serving as a source for the growth of an economy. Underemployment which is a negative indicator can determine critical information on the state of the economy, in particular some sectors of the economy. For instance, when a nation experiences high rates of unemployment, it is indicative that the economy of such a nation is underperforming with a fall in the gross domestic product, weak labor demands, a mismatch between the demands of workers and unproductive labor policies (Van Ham, et.al). When underemployment on the other hand is low in a nation, it may translate to an increase in the supply of jobs which demulsifies a growing economy. Underemployment also has some adverse effects that are associated with negative effects on workers job satisfaction. These elements are detrimental to the economy of a state.
Conclusion
Due to the recession experienced by many co...
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