Earlier quoted context omitted.
People grossly overuse (and abuse) the term unemployment like this. First, an unemployment rate of 0% is bad . This is because not all unemployment is bad. Frictional unemployment is actually a good thing (to a certain extent), because the alternative is having people stuck doing jobs they don't want when better jobs are available. Structural unemployment is what happens when $old_industry dies because $disruptive_te…
The term used was un der employment.
It's like using the term 'intellectual property' when discussing the Pirate Party vs. MPAA. Aside from the fact that patents and copyrights are completely different legal concepts, the word 'property' already implies a right to ownership[1] that one side asserts doesn't exist to begin with.
[1] '...inalienable rights... Life, Liberty, and Property' - Declaration of Independence (first draft).