Part time workers on the rise, all thanks to recession
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It is observed that more than a million people are working part-time. According to the new study there has been an increase in 45% of people working part-time since the recession started.
Institute for Public Policy Research or IPPR carried out an analysis and showed a number of people working part-time because they are not able to explore full-time employment and this figure has reached record levels. The phenomenon of midworking will see a generation of people in a job but they are only for part time work which covers necessary spending. Cost of midworking has been estimated by the researchers at £9 billion in terms of lost income and advantages.
The co-director of the IPPR, Lisa Harker highlighted that dealing with the shortage of jobs and the costs of underemployment should be foremost agenda of an incoming government.
While many people want to work part-time for family or other reasons, IPPR's analysis shows that a growing number of people are trapped in insecure work or unable to work enough hours to earn a decent income. Young people in particular are victims of this growing trend and there is danger that their long-term employment prospects will be badly affected. The large number of underemployed workers does not attract as much attention as those who have no work at all, but this hidden phenomenon is in many ways just as big a problem.