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A direct job is employment created to fulfill the demand for a product or service. [1] An indirect job is a job that exists to produce the goods and services needed by the workers with direct jobs. [1] [2] Indirect employment includes the things need direct on the job as well as jobs produced because of the worker's needs (e.g., uniforms).
The third definition of "underemployment" describes a polar opposite phenomenon: to some economists, the term refers to "overstaffing" or "hidden unemployment," the practice of businesses or entire economies employing workers who are not fully occupied (in other words, employees who are not economically productive, or underproductive, or ...
The General Theory of Employment, Interest and Money is a book by English economist John Maynard Keynes published in February 1936. It caused a profound shift in economic thought, [ 1 ] giving macroeconomics a central place in economic theory and contributing much of its terminology [ 2 ] – the " Keynesian Revolution ".
Holmes compared counties close to the border between states with and without right-to-work laws, thereby holding constant an array of factors related to geography and climate. He found that the cumulative growth of employment in manufacturing in the right-to-work states was 26% greater than that in the non-right-to-work states. [34]
That's because there are some jobs where even higher pay generally fails to attract U.S. born workers, like farming. "Wages might not rise and instead we'd just see a short-term lack of ...
Parkinson's law can refer to either of two observations, published in 1955 by the naval historian C. Northcote Parkinson as an essay in The Economist: [1] "work expands so as to fill the time available for its completion",
A 73-year-old missing hiker was found deceased in the Great Smoky Mountains National Park over the weekend, the National Park Service announced.. Ann Houghton was found dead on Sunday after being ...
Taylor Swift is showing up at the 2025 Grammy Awards solo this year, dashing our collective hopes and dreams that she and Travis Kelce would finally make their red carpet debut. But honestly ...