Derek Thompson,
writing in
The Atlantic about "invisible unemployment." He describes Americans who have dropped out of the work force, who have no job and are not actively looking for one.
The official unemployment rate is getting worse and worse at describing the real conditions facing American workers.
Thompson also looks at what he calls "invisible work":
Globalization and technology don't always show up in U.S. wage growth because they often represent alternatives to U.S.-based jobs. Corporations have used the recession and the recovery to increase profits by expanding abroad, hiring abroad, and controlling labor costs at home.
