Leadership

Unemployment Policy: Unemployment, Underemployment And Labour Market Insecurity

Download Now Free registration required

Executive Summary

In this paper the authors argue that Australia's labour market features too much unemployment, underemployment or associated forms of labour market insecurity. The later term implies a weak or tenuous connection to the labour force through underemployment or involuntary casual or part-time work and/or low wages or other manifestations of weakness vis-?-vis employers. The direct and indirect costs of such malfunctions in the labour market are reflected in a range of economic, social, health and other costs (Watts 2000; Saunders and Taylor 2002). Estimates of the costs of unemployment and underemployment range from $20 to $40bn per annum in Australia (Watts 2000).

  • Format: PDF
  • Size: 346.1 KB