Yes, notice the part > And an economy in which millions of willing workers can’t find work is surely one with massive distortions of some kind. He is talking

Yes, notice the part > And an economy in which millions of willing workers can’t find work is surely one with massive distortions of some kind. He is talking about very specific economic circumstances (defined by macroeconomic conditions, and which should happen only rarely), whereas you are talking about "any work in the future".