>>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.
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.