Nobody's Pulling Up Stakes Anymore
About this episode
The episode discusses the decline in American mobility and its implications for the economy and labor markets.
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? 00:39:10 Executive Orders: Frances Perkins miniseries; Sleep Shaming; Election Day Weekend 00:43:07 Spiritual Sponsors: The National Consumers League motto ("Investigate, Agitate, Legislate"); ACFC’s winning start READ MORE: The increasingly mobile US is a myth that needs to move on | Aeon Essays Who Moves? Who Stays Put? Where’s Home? | Pew Research Center Job…
More episodes of Optimist Economy
- The Great Wage Stagnation
- Tax Reform Gone Wild
- The Optimists Have Questions…
- Corporate Profits Are Up. Their Tax Bill Should Be Too.
- If AI Gets Hired, America Can Handle It
- Boomers Didn’t Ruin Everything. Really.
Explore listener stats, chart rankings, contacts and more on the Optimist Economy podcast page.