what are the benefits of being unwaged?
The primary benefit of unemployment is that people are available for hire
Unemployment
The primary benefit of unemployment is that people are available for hire, without being headhunted away from their existing employers. That permits both new and old businesses to take on staff.

Unemployment is argued to be "beneficial" to the people who are not unemployed in the sense that it averts inflation, which itself has damaging effects, by providing (in Marxian terms) a reserve army of labour, which keeps wages in check. However, the direct connection between full local employment and local inflation has been disputed by some because of the recent increase in international trade that supplies low-priced goods even while local employment rates rise to full employment.

what is the minimum school leaving age in the uk It is 19 years of age from the year 2017 were there any reasons for increasing the age? Yes, because it was increasing the rate of unemployment overall what do you mean by the last mentioned term? As per OECD, if persons above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. what are its various types? Cyclical or Keynesian unemployment, frictional unemployment, structural unemployment and classical unemployment are few types. what can you tell me about the second type? It is the time spent between jobs when a worker is searching for a job or transferring from one job to another. are there various theories to the aforesaid term? Voluntary unemployment is attributed to the individual's decisions, but involuntary unemployment exists because of the socio-economic environment in which individuals operate. what is the estimated ratio of the unwaged people? The youth unemployment ratios in the European Union range from 5.2 (Austria) to 20.6 percent (Spain),  7.9 (Germany), 57.9 percent (Greece).
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Unemployment [SEP] Benefits
The primary benefit of unemployment is that people are available for hire, without being headhunted away from their existing employers. That permits both new and old businesses to take on staff. Unemployment is argued to be "beneficial" to the people who are not unemployed in the sense that it averts inflation, which itself has damaging effects, by providing (in Marxian terms) a reserve army of labour, which keeps wages in check. However, the direct connection between full local employment and local inflation has been disputed by some because of the recent increase in international trade that supplies low-priced goods even while local employment rates rise to full employment.