Americans used to move a lot in search of opportunity. But in 2024, the share of Americans who moved at all hit a 76-year low. Barely 2% of us moved across state lines. Some of that is by choice: people are more rooted, and that's not nothing. But when workers stop moving, rich cities pull further away from poor ones, wages stagnate, and the gaps between thriving labor markets and struggling ones get harder to close. And when there’s a shock to a local labor market, moving is an important release valve. Fixing a fraction of this worker mobility breakdown could improve the labor market for everyone.
Chapters:
00:00:33 Opening
00:01:45 Retcon: Trump Accounts & Career Pivots
00:07:27 Terms & Conditions: Spatial Equilibrium
00:09:55 Big Pilcrow: Does it Matter to the U.S. Economy if We Don’t Move from Place to Place?
Podden och tillhörande omslagsbild på den här sidan tillhör
Kathryn Anne Edwards and Robin Rauzi. Innehållet i podden är skapat av Kathryn Anne Edwards and Robin Rauzi och inte av,
eller tillsammans med, Poddtoppen.