Fred Clark
on the arithmetic of mass lay offs:
The most recent figures, if you want to be precise: 14.2 million looking for work; 3.4 million job openings. That means 10.8 million Americans right now, today, are royally, epically screwed.
That means it wouldn't matter if every unemployed American followed all the advice for what job-seekers are supposed to do. If every single one of them keeps a positive attitude while still being willing to settle for less, if each and every one of them takes classes and volunteers to keep their skills sharp, if each and every one networks furiously, gets up every morning, showers, shaves and gets dressed for the office before sending out dozens of perfect, enticingly crafted résumés all day, every day, then 10.8 million of them will still not find jobs because there are 10.8 million fewer jobs than there are job seekers.
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