The Economic Perspective: “Why Aren’t People Moving as Much?”

This is Mary Walden with economist MW, welcoming you to the economic perspective.  Today’s program asks why people aren’t moving as much.  Mike, the US has always been known as a country on the move.   In particular, people were quite willing to move to where they could find the best jobs.  You and I are examples of this.  But recently economists and demographers have noticed a slowdown in household movement within the country.  Do we know why?

  • Not talking about people moving due to retirement
  • Focusing on people moving for work
  • Recovery from Great Recession showed regions filled new job mainly internally rather than attracting workers from outside
  • This is fine, but geographic movement of workers has been one way the economy rebalanced
  • There could be two reasons for reduced worker mobility
  • Social support programs are deep enough to keep them in place
  • Or, workers who would be expected to move don’t because don’t have the right skills
  • Highlights the importance of re-training
  • I’m MW

And I’m Mary Walden for the Economic Perspective, an NC State Extension program from the Department of Agricultural and Resource Economics.