I still haven't seen many people connect these dots, so maybe I'm missing something obvious? * 20 million newly unemployed people in the past month * parts of country will stay locked down, others will reopen * therefore, we can expect Dust Bowl-like massive population shifts
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It’s interesting. During the long, slow recovery since 2008, economists noted the relative absence of workforce mobility as a factor that slowed wage growth. Workers moved for better jobs less often than expected based on historical patterns.
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Much of that could be attributed to suddenly illiquid peoples' properties.
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Its not additional benefits but absence of costs that is the main motivator. Most folks have rent, car payments, college and medical debts, and other costs. What they are trying to do is reduce those costs as much as possible.
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Very unfortunately, millions of young folks moving in with elder family members so that they don't go bankrupt is also a direct vector of risk towards reproducing coronavirus from urban regions with high rates to suburban and rural regions with low rates.
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