I find it odd that the article references the BLS, defines terms for discouraged worker and underemployment, but doesn't mention that the BLS also tracks that data and more, like labor force participation, omits the terms under which the BLS tracks the data (e.g. U-6 data), as well as omitting links to the data too. The last is maybe understandable, but the article leaves a general impression that the BLS misses that when the opposite is true.
> Does this bet mean anything if the only employment you can get is 10 hours a week at minimum wage?
Yes, because it's about relative rates. Unless you believe the EU is more "honest" about reporting unemployment numbers, the US numbers are just as meaningful.
https://www.investopedia.com/financial-edge/0609/what-the-un...
Does this bet mean anything if the only employment you can get is 10 hours a week at minimum wage?