Hacker News Reader

“Unemployment” is people who are trying to find work divided by themselves + people working. If everyone is living a life of leisure, it will still be low.

> If everyone is living a life of leisure

Isn't that the sign of a good economy then?

Yes, unemployment is a good statistic in that case because it only measures those who are trying and failing to find a job, not those who don’t want or need one.

Well, people are in a much better negotiation position when their next option is some minimum wage undesirable work, instead of no work at all and being unable to survive.

That is the point. Having a job does not mean making a living or having any dignity.