https://www.businessinsider.com/unem...loyment-2019-1
Unemployment is at record lows in both the UK and the US.
But "involuntary" part-time work is at least 40% higher in both countries than it was 10 years ago.
The structure of the labour market has fundamentally changed, and what we used to think of as "unemployment" has been replaced by mass part-time work, much of it unwanted.
"Gig economy" jobs are to blame, according to Rob Valletta of the San Francisco Fed."
nemployment is only at a record low because of a 42% increase in the number of people who are in "involuntary" part-time work. "Involuntary" means they're only working part-time because they cannot get a full-time job.
workers need full-time jobs — the kind that get people out of poverty — and those jobs are not available.