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>>There’s a fundamental disconnect between how hard it is to relocate and how easy it is to lose your job. Exactly! Plus, if you already have a house, you pro
by toss1 3y ago
>>There’s a fundamental disconnect between how hard it is to relocate and how easy it is to lose your job.
Exactly!
Plus, if you already have a house, you probably have refinanced into a low-rate mortgage which itself has enormous value contrasted with dropping it for a higher-rate mortgage on a new home. Even a new apartment lease will likely entail higher costs.
Plus the expense and time of moving.
Except for workers basically just out of college and making a major upgrade in title and pay, I cannot see anyone moving for a new job unless there is a hard written contract with liquidated damages if fired/laid-off (and very tight specifications on being fired for cause).
Employers' behavior over the past several decades has simply eradicated any credibility they once had.