Get moving: Relocating can help boost workers’ wages
“Geographic mobility can be a powerful force for improving individual labor market outcomes and helping struggling places to catch up with the rest of the country. This process enhances overall productivity and wage growth, and it can also play a vital role in shielding against regional shocks. It is therefore disturbing that this force has diminished in recent decades. Movement from low-income to high-income places has declined in line with shrinking economic convergence among states. Today, people are not as willing to move to another state for a new job, and mobility is far less responsive to labor demand than in prior years.”