piilotyöttömyys

Piilotyöttömyys, meaning "hidden unemployment" in Finnish, refers to a situation where individuals are underemployed or not utilizing their full potential in the labor market. This can manifest in several ways. One common form is when a person is employed but their job does not require their full skillset or qualifications, leading to underutilization of their talents and potential. For instance, a highly educated individual working in a low-skilled, menial job could be considered to be experiencing piilotyöttömyys.

Another aspect of piilotyöttömyys includes individuals who are actively seeking work but are unable to find a position that matches their experience or desired level of employment, thus settling for less. This can also encompass those who have given up actively searching for work due to repeated discouragement, but would still be willing to take on suitable employment if offered. Furthermore, it can describe situations where people are working part-time when they desire full-time employment, or are in temporary positions lacking long-term security.

The concept highlights the inefficiency in the labor market where human capital is not optimally employed. It can lead to individual frustration, decreased job satisfaction, and a loss of productivity for the economy as a whole. Addressing piilotyöttömyys often involves improving the match between education and job requirements, enhancing retraining opportunities, and fostering a labor market that can better utilize the diverse skills and experiences of its workforce.