Sunday, April 16, 2017

We Have Stopped Moving

Americans are stuck. Locked into our jobs, rooted where we live, frozen at our income levels. More than at any previous point in our history, we’ve stopped moving - whether moving up the income ladder or packing up a truck and finding another home. We’ve grown ossified, rigid.

The flip side is that we’re stable. If we weren’t so content, we’d be more willing to gamble, to shake things up, to start a new firm or join one. Maybe we’re fine where we are. But maybe this period of stasis cannot last. Maybe it even portends a period of massive disruption.

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Meanwhile, people from Australia, China, Mexico, and just about every other country in the world seem free, willing, and able to come here and find jobs.

Something ain't right about that, but I suspect things will only get worse.

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