It's just a term that is coined since people are losing jobs. This has existed since ages. In US you will get cars very cheaply, but you won't get so cheap in India. In India the call charges are lowest in the world, whereas it is not at all so in US even now.(PS : Some may argue, but i can guarantee it's pretty good).
US has very good policy for unemployed people. If you are in india, you will understand what is unemployment. It's all where you get the best work done in best value. It is value of your investment.
Tomorrow it will be some other country and may be after 100 years if there is a major shift in economy again when people lose job, they will say my job has be jerseyed (NJ);-)
Besides it is about providing equal opportunity to mankind and sharing the wealth to multiply it's effects and strive for world peace, bridge the gaps between rich & poor.