2 thoughts on “Britain does not have an ‘underemployment’ problem”

  1. Posted 01/02/2019 at 14:49 | Permalink

    Unfortunately this is not the whole picture. One reason for the high lrvel of employent in the UK is the economies low productivity in comparison with most other counties in Europe. This fact goes a long way to exlaing why the are apparently a lot of poorly paid jobs.

  2. Posted 10/02/2019 at 16:59 | Permalink

    It is odd that inflation is not rising if we are not under-employed. There are also many people classified as self-employed and I am not sure if they are included in your statistics for those on zero-hours contracts? In theory a self-employed person should have more than one client, but I suspect that many are not fully occupied. In any case so long as employers can import cheap labour from abroad the problem of wage compression will persist.
    Perhaps we need some sort of online self-assessment procedure for the underemployed to claim benefits. They would not get paid until they had submitted their timesheets. We could then gather much more accurate information about hours worked and additional hours desired.
    In any case the only reason the unemployment figures have fallen is for two policies the government never intended in the first place; the devaluation following the referendum and the restarting of QE in 2016, forced upon them by the need to finance our massive trade deficit with the EU. QE will only give us a temporary high before the deficit reasserts its awful destiny. QE will stop working when the personal debt market saturates, at which point the shit will really hit the fan.

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