Disposable Income
Gainful employment implies that an employee makes more than a living wage that covers their basic month-to-month expenses. In other words, the employee generates discretionary income such that they have extra income each month that they can save or spend or non-essential items such as a vacation. Discretionary income is also the defining characteristic of the middle class. As such, gainful employment implies that you make enough to be considered middle class or higher in the place you live.Working Conditions
Gainful employment implies reasonable working conditions such as a safe, clean, healthy and professional environment and a role that doesn't involve excessive physical demands or mental stress.Stability
Gainful employment implies regular hours and some level of job security. For example, a temporary or freelance position often wouldn't be considered gainful employment. An exception would be a freelancer with extensive opportunities and a track record of earning a stable income.Risk
Gainful employment implies a normal level of risk to the employee including things like financial risk, safety and health risks. For example, a job that requires the employee to invest heavily in a small business that has a high chance of failure isn't gainful employment.Career Path
Employment that builds or maintains marketable skills such that the employee can reasonably expect to find employment with another employer in the future. For example, professional boxing isn't gainful employment because it isn't something that is likely to be sustainable over the course of your career.| Overview: Gainful Employment | ||
Type | ||
Definition | Stable employment that offers discretionary income and reasonable working conditions. | |
Related Concepts | ||
