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.