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this post was submitted on 08 Nov 2023
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Got a source for that? Or is this just more sophistry?
https://www.abs.gov.au/statistics/labour/employment-and-unemployment/labour-force-australia/sep-2023
Australian Beauro of Statistics lists half a million Aussies are currently "Unemployed".
Note in this context, "unemployed" doesn't mean "not working". It means half a million are currently "not working and actively searching for a job".
The ABS doesn't track it, but less reliable sources estimate about twice that many people are "Underemployed" which means the job they have doesn't give them enough hours. For example maybe you've got a job delivering pizza on Friday and Saturday nights when they need extra staff - the ABS would classify you as "Employed" even though you're only earning $300 per week.
The number of people "underemployed" varies a lot from source to source, in part because there isn't a clear definition of what that means.
No offense, but if you have to ask this question, it’s not worth my time debating with you. If you’re genuinely curious, look up what an equilibrium quantity is in supply/demand economics.