> Someone making 15k a year working 40 hours is functionlly unemployed, in every sense of the phrase imo
We have a much better metric for that though, which is the poverty rate.
You can be employed and in poverty and you can be unemployed and not be in poverty. You can even be earning less than a living wage and be out of poverty if you have savings or other financial assistance from family, etc.
Tracking unemployment for what it is makes sense. Muddling the term doesn’t.
We have a much better metric for that though, which is the poverty rate.
You can be employed and in poverty and you can be unemployed and not be in poverty. You can even be earning less than a living wage and be out of poverty if you have savings or other financial assistance from family, etc.
Tracking unemployment for what it is makes sense. Muddling the term doesn’t.