By Patricia Cohen | The New York Times
By covered wagon and jetliner, from East Coast to West, Rust Belt to Sun Belt, Americans’ propensity to be on the move – to new jobs and new places – has historically provided the economy with a critical dose of oomph.
But as fewer and fewer Americans are loading up the moving van in search of opportunity, that advantage may be slipping away. In recent years, economists have become increasingly worried that a slide in job turnover and relocation rates is undermining the economy’s dynamism, damping productivity and wages while making it more difficult for sidelined workers to find their way back into the labor force.
