4 ms·

America (Not So Much) on the Move

• chiefalchemist 3y ago
  > In other words, a big reason that moving rate are down is that the economic incentive to move can be low: in places with higher wages, the higher cost of living offsets these gains, especially for low-income workers. Yes, but it's only half that story. Why wouldn't this same idea trigger people with better paying skills to move to new lower cost areas when they would benefit? That is, moving isn't always about "moving up". Sure they'd likely be taking a pay cut but still faring better because other costs (e.g., housing) are relatively lower. Why isn't this on the rise?