«In today's globalised world there is
high labour mobility and so nobody wants to invest in going to take a fresh graduate, train him over a 5 year period and when he's become experienced and well skilled somebody pays him a better salary and takes him away,»
For example, when there is an asymmetrical shock to a particular sector, it is easier for workers to switch to a different job on similar income under conditions of
high labour mobility.
Not exact matches
High - risk activities need agglomerations of companies, so that
labour mobility is neither too costly to employee
The study showed that a
high level of home ownership leads to lower
labour mobility and is «inhospitable to innovation and job creation».