Every now and again, we’ll hear from someone on the Right that the current Depression isn’t the fault of the banks, the investment houses, or even the Gummint. Nope, it’s the fault of the workers themselves, as most recently confirmed by current Republican Presidential front-runner Herbert Cain:
“Don’t blame Wall Street,” Cain said. “Don’t blame the big banks. If you don’t have a job and you’re not rich, blame yourself.”
Someone please send Mr. Cain this from the Bureau of Labor Statistics. In short, there were about 3 million job openings in August, 2011. There were about 14 million unemployed. So we’re about 11 million jobs short.
Heidi Shierholz, at EPI, has more.