Unremunerativeness
Unremunerativeness refers to the quality or state of not providing adequate or any financial compensation for labor, service, or investment. It describes a situation where the earnings or returns are insufficient, meager, or completely absent, failing to meet the expectations or needs of the involved party. This lack of adequate pay can stem from various factors, including low market demand, inherent risks, lack of profitability, or exploitative practices. It can impact individual workers, businesses, or even entire industries, creating hardships and disincentives for participation. The concept highlights the crucial connection between effort and reward in economic systems, pointing towards situations where the expected financial benefit is significantly diminished or non-existent.
Unremunerativeness meaning with examples
- The struggling artist found the life of creative expression fraught with unremunerativeness. Despite pouring heart and soul into their work, galleries were reluctant, and sales were meager. The financial struggle made it difficult to sustain a career and they often had to work other jobs just to make ends meet. The rewards of artistic accomplishment were shadowed by the persistent lack of income.
- The non-profit organization suffered from unremunerativeness as it struggled to attract skilled volunteers in the competitive market. Their reliance on donations meant they lacked resources to offer competitive salaries. This made it incredibly hard to retain experienced staff, and their projects were continually understaffed and impacted the services that they were trying to provide to the people in need.
- The initial stages of the scientific research project were marked by unremunerativeness. Years of dedicated effort were followed by no immediate commercial success. The researchers persisted, driven by a passion for scientific discovery despite the lack of short-term financial gain, relying on grants and funding. The payoff and acknowledgement came later, but they had to keep pushing forward.
- The decision to start a small independent bookstore proved to be an example of unremunerativeness. Faced with competition from online retailers and lack of resources, they struggled to make profit. The owners, passionate about books, worked long hours, but sales remained consistently low, and they continually looked at additional sources of funding to keep the store open.
- Due to the economic recession, many entry-level positions in the industry displayed unremunerativeness. The lower salaries failed to compensate for the cost of living and education expenses of the young graduates and employees. Many graduates accepted the positions due to lack of choices, but often led to difficulty in paying off debt and discouraged future ambitions.