[tomatotomato37]

That's because most vulnerable workers are either skirting labor laws through the gig economy or have given up and dropped out of the labor pool altogether, which means for whatever reason they don't get counted in the unemployment rate

[harryh]

To whatever extent that is happening, there is no evidence that it has happening more today than it was happening 50 years ago (before globalization) so comparing the unemployment rate of today to the unemployment rate then is still a perfectly valid comparison.