Tutor Nick P Lesson 150 The Difference Between Unemployed and Underemployed

Tutor Nick P Lesson 150 The Difference Between Unemployed and Underemployed


Hi this is Tutor Nick Pi and this is lesson 150.
Today we’re going to look at the difference between unemployed and underemployed. Most people know unemployed but underemployed
is may be a new term for some people. All right let’s look at the difference unemployed of course not presently having a job. Yeah in most people’s mind that’s
what it is. But especially when one is looking for and wants a job. All right that
part is also very important when you think about the government because the
government often likes to play with unemployment numbers by saying that a
lot of people are just not looking for jobs. So if you if you got unemployment
and your unemployment benefits ran out and they don’t have you listed anymore
like in some unemployment office actually looking for a job , they just
don’t count you and there’s a lot of people that fall into that category. So
sometimes the government doesn’t count you on purpose so they can make their
numbers look better. But anyway but for the average person unemployed just
simply means you have no job. All right what is underemployed? All right
underemployed is someone who is employed they actually have a job but their job
their job is significantly below one’s skill level and pay scale. Someone yeah
so basically they probably had a very good paying job when the economy was
very good and then when the economy got bad maybe they lost their job. And maybe
they tried to get the same job back the same job level but you know because not
so good you can only wait so long with no job at all you know once their
unemployment benefits ran out they eventually had to accept something that
was far below of their job level or their pay scale. You know maybe they had
a job before that was making I don’t know 20 or 25 US dollars per hour and
then maybe they had to accept the job that was only paying maybe ten or twelve
dollars an hour. Something like that. In that sense, we can say somebody’s underemployed as opposed to unemployed. Or there’s the
second way you could be underemployed too. You could also be this way it also
you can have a job at your pay skill and pay scale but you can only get a few
hours a week. So yeah so it’s not really a full-time job. Maybe you could only
find less than ten hours a week that’s you know at this job that is your career.
There’s just not enough out there right now. So you were also underemployed that way too. Okay let’s look at the examples here.
Bob worries about losing his job and becoming unemployed
so again unemployed meaning having no job at all. The second one is a good example of underemployed. Derek has been unemployed for
years due to a poor economy. After he was downsized you know when the company
gets in trouble they don’t have enough business and they let people go. It’s not
always their fault to downsize just means they don’t have enough work for
them Downsized from a job and his career, he had to settle for a lower paying job,
that was not in his field. Yeah maybe he had to do something completely different. Just to pay the bills. So in that sense he ends up
being underemployed and this could go on for quite some time. Hopefully one day he
will eventually get a job in his in his career. Again okay I hope it’s clear. I hope
you got it. Thank you for your time bye-bye.