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Labor or worker mobility is the geographical and occupational movement of workers. [1] Impediments to mobility are easily divided into two distinct classes with one being personal and the other being systemic. Personal impediments include physical location, and physical and mental ability.
Economic mobility is the ability of an individual, family or some other group to improve (or lower) their economic status—usually measured in income. Economic mobility is often measured by movement between income quintiles. Economic mobility may be considered a type of social mobility, which is often measured in change in income.
While an increase in geographic mobility increases overall economic efficiency, the increased competition for jobs on the local level in otherwise prosperous regions could lead to higher unemployment than before the migration. [4] Female labor supply rates actually have larger statistical effect on mobility than male rates. [7]
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers , usually in exchange for a wage paid by demanding firms.
International labor mobility is a politically contentious subject, particularly when considering the illegal movements of people across international borders to seek work. For example, a number of European countries saw the rise in the 1990s of a number of anti-immigrant political parties such as the National Front in France, the National ...
Horizontal mobility, which is a type of social mobility, refers to the change of physical space or profession without changes in the economic situation, prestige, and lifestyle of the individual, or the forward or backward movement from one similar group or status to another.
How strongly economic and social mobility are related depends on the strength of the intergenerational relationship between class and income of parents and kids, and "the covariance between parents' and children's class position". [28] Economic and social mobility can also be thought of as following the Great Gatsby curve. This curve ...
In this sense, labour is an activity which creates/maintains economic value pure and simple, which could be realized as a sum of money once labour's product is sold or acquired by a buyer. The value-creating ability of labour is most clearly visible when all labour is stopped.