28 Nov 2014
What is misemployment? The School of Life has come up with a handy concept to describe human value, which seems to be ignored in unemployment debates. Whenever unemployment comes down, it sounds like really good news. It's great that productive forces in the economy are growing and there'll be a little more money in people's pockets. But if one gets a bit more ambitious about human potential, the picture become more complicated. Misemployment means being in work, but of a kind that fails to tackle, with any sincerity, the true needs of other people. This is labour that generates capital without making any contribution to human welfare and flourishing. The rate of misemployment in modern economies is very high.
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