Credential inflation is also a mismatch: graduates doing work that never needed a degree

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How many weekly hours make someone part-time rather than underemployed is a definitional fight Skills mismatch as a macro cause: what the education system produces has little to do with what employers list Structural unemployment is the hardest to treat because vacancies and workers sit in the same economy and never meet Stacking three delivery apps just to assemble a full working week New drawings and a new parts supplier leave a fitter with ten years on the floor suddenly unqualified Working 20 hours a week but wanting 40 is a pay cut that no unemployment figure records When an industry migrates the whole supply chain leaves and the workers left behind are not unskilled but stranded The line between structural and frictional unemployment: whether the missing skill can be learned in a few weeks Regional mismatch: the jobs are in Shenzhen and the workers are in the northeast and moving costs more than the wage gap When cyclical and structural unemployment overlap do you fix demand first or retrain first