underemplyment Flashcards
(26 cards)
people with jobs ar econsidered as __ of the economy
catalyst
refers to the number of the popultaion which have gainful activities
labor force
segment of the population 15 - 65 years old whether gainfully employed, unemployed, looking for work, applying for work, desiring to work, workig in part time
labor force
when should one retiredbaed on labor code
65 years ol
if military when retire
56
voluntary retirement
60
forced retirement
65
no work during sundays
blue sunday law
economic coditoin wherein a person is doing a gainful activity
employment
2 forms of employment
fully employed
under employent
workign 8 hours a day
fully employed
working part time, not 8 hours, job mismatch, working multiple jobs
underemployment
doiff tpyes of unepmployent
1 demand pull
2 cost push
3 strucutural
4 frictional
5 voluntary
6 cyclical
7 seasonal
there is so much demand for a particular work/job
demand pull unemployment
many industries open, creating more job opportunities
demand pull unemployment
one of the biggest pharma
wyeth usa
higher cost of production, people are layed off
cost push unemployent
2 most improamatn resource in coutnry
natural
human
the vicious cycle
frictional unemployment
unemployjment
lesser/no income
less demand
mpre cases of closure
fewer job opport.
moer on job mismatch
structural unemploment
too lazy to work
voluntary unemploymment
unemployment as a result in the condition of the economy in the country
cyclical unemployment
cyclical unemplyjment cycel
prosperity - recession - depression/recovery - recovery - prosperity
reduce emplyess/ laying off
downsizing
