What are the best practices or policies to address hidden unemployment?
Hidden unemployment is a term that refers to people who are not officially counted as unemployed, but who are either underemployed, discouraged, or marginally attached to the labor force. These people may have given up looking for work, accepted part-time or low-skill jobs, or face barriers to employment such as discrimination, disability, or lack of education. Hidden unemployment can have negative effects on the economy, society, and individual well-being, as it reduces productivity, income, consumption, and tax revenues, and increases poverty, inequality, and social problems. Therefore, it is important to identify and address the causes and consequences of hidden unemployment, and to implement effective policies and practices to reduce it. In this article, we will explore some of the best practices or policies to address hidden unemployment, based on economic theory and evidence.