Australian Underemployment: Causes, Effects, and Solutions Essay
VerifiedAdded on  2022/09/28
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Essay
AI Summary
This essay examines the multifaceted issue of underemployment in Australia, defining it as a situation where individuals desire and are available for more work hours but are unable to secure them, often working less than 35 hours per week. The essay attributes the causes of underemployment to market forces of demand and supply, along with business cycles, which influence employment patterns and income. It highlights that an oversupply of laborers and downturns in business cycles can lead to part-time employment. The effects of underemployment, as explored in the essay, include psychological challenges like job dissatisfaction, low self-esteem, anger, and depression. Furthermore, it discusses the economic consequences, such as financial insecurity, poverty, and the potential for unemployment. The essay concludes by emphasizing that underemployment mirrors unemployment in its causes and outcomes, significantly impacting individuals' psychological, economic, and social well-being.
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