To Solve The Labor Shortage, Focus On Mobility
July 16, 2018
By Todd Hitt
For the first time since 2000, the number of jobs open in the United States exceeds the number of unemployed workers.
As I said during my recent testimony at a U.S. House Small Business subcommittee hearing, we face a labor shortage, and declining labor mobility is one reason it’s hard to find workers. There are pockets of the country that have few jobs and too many workers. But there are far more with many jobs and too few workers.
Instead of moving for a new job, today’s out of work Americans are more likely to simply drop out of the workforce.
The result? Fewer Americans are able to access the American Dream. Indeed, fewer Americans believe in the American Dream.