Essays on Underemployment

1. How were the conditions in 1935 and 2013 similar? What did John Maynard Keynes propose to resolve this crisis in his book? Both 1935 and 2013 are two years during which the world’s economy went through economic crises. Specifically, 1935 experienced the Great Depression, while 2013 faced the global financial crisis. The economists of the time predicted that the economy would come out of the depression without the intervention of the government (Kirshner 315). In 1935, unemployment was extremely high. In 1936, Keynes published his book ‘General Theory of Employment, Theory and Interest.’ While other economists suggested ...

Occupational segregation is one of the spheres where the fact that women’s skills and talents are often underestimated becomes obvious. Of course, the situation at workplaces concerning women’s equality with men has changed greatly in recent decades and this change has mostly been for the better. But in many aspects, especially financial ones, women are still lagging behind. Women face various problems when they try to find a well-paid job; when they are not promoted as fast as their male colleagues; and when they have to decide what they want or need more – successful careers or happy ...

Burma is heavily endowed with resources both renewable and non-renewable. Particularly, the country has the forest resource that has been over the years a major player in the economic growth of the country. Burma has different types of forests such as tropical rain forests and deciduous among many others. The forest resource is a source of employment for thousands, a source of livelihood and a major foreign exchange earner. For the rural dwellers in Burma, the forest resource is a source of food, fuel, shelter and also livelihood as they engage in the trade of forest products. The demand ...

In present economic scenario many people are underemployed even though the unemployment rate is low i.e. workers are less unemployed but still the underemployment rate is high. This underemployment is a social problem. It affects the job growth, poverty levels, business growth and career growth. Unemployment rate is the fraction of the labor force that is out of work and looking for a job or expecting a recall from a layoff. But underemployment is the measure of employment and labor utilization in the economy i.e. the way the labor force is utilized in terms of skill , expertise and availability ...

Introduction

The growing cost of college education has raised debates about how viable a college degree is. These debates are further fueled by required knowledge and skill sets required for current job market. Given current unemployment rates (coming in heel of an unprecedented economic recession), investment in college education has not only become a financial burden long after graduation but is also becoming, critically, less rewarding from a job prospect perspective. Indeed, "overeducated" college graduates – particularly ones completing an undergraduate or a higher degree in software engineering or digital media majors – are experiencing particularly painful job experiences, particularly during early ...

Delivery date

Every country exhibits two kinds of economy, these are the formal and informal economy. However, the formal sector is the most important for every country. It's what determines the country’s position of development as well as growth. Formal economy is made up of all the sectors of the economy that can be taxed. The formal jobs which contribute towards the growth and development of the country and are taxed to make up this kind of the economy. They include companies, industries, big businesses and some medium-sized and small corporations. So long as they pay taxes, the business no ...

Secondary Research

Randi and Erik (2010) analyzed the factors behind the increase in underemployment across Norway with focus on the gender factor. The analysis was based on a survey data by the Labor Force Agency and showed that economic changes in the recent past brought about the changing underemployment levels for both men and women. The labor market in Norway is greatly gender segregated with the processes as well as characteristics of the underemployment differing between the male and the female dominated sectors. In the results, the male dominated sectors are found to be more exposed as well as sensitive to ...