Geographical Labor Mobility

AAA

DEFINITION of 'Geographical Labor Mobility'

This refers to the level of freedom that workers have to relocate in order to find gainful employment that reflects their training and occupational interests. Embracing this concept, which is most commonly encountered within the European Union (EU), seeks to ensure individual, corporate, and national economic growth by helping qualified workers easily cross state and national boundaries to find "best fit" employment.

INVESTOPEDIA EXPLAINS 'Geographical Labor Mobility'

While many North Americans enjoy a high level of geographical labor mobility within their own country, the immigration debate, the war on drugs and post-9/11 border restrictions have noticeably decreased labor mobility across national borders. In an effort to revitalize geographical labor mobility with its neighbors, U.S. lawmakers continue to refine mobility opportunities for trusted workers.

RELATED TERMS
  1. North American Free Trade Agreement ...

    A regulation implemented on Jan. 1, 1994, that decreased and ...
  2. World Trade Organization - WTO

    An international organization dealing with the global rules of ...
  3. Demand For Labor

    A concept that describes the amount of demand for labor that ...
  4. Full Employment

    A situation in which all available labor resources are being ...
  5. Employment Situation Report

    A monthly report compiling a set of surveys in an attempt to ...
  6. Eurasian Economic Union (EEU)

    An economic union created in 2014 by a treaty signed by Russia, ...
Related Articles
  1. Economics

    The Economics Of Labor Mobility

    Loosening labor restrictions has both good and bad effects for a country and its workers.
  2. Economics

    What You Need To Know About The Employment Report

    This widely watched indicator of economic well-being directly influences the market.
  3. Economics

    Globalization: Progress Or Profiteering?

    Proponents of globalization argue that it helps the economies of developing nations and makes goods cheaper, while critics say that globalization reduces domestic jobs and exploits foreign workers. ...
  4. Economics

    NAFTA's Winners And Losers

    Read on to find out who this free-trade agreement helped, and who it hurt.
  5. Chart Advisor

    Is Now the Time to Invest in North America?

    Bullish chart patterns across the North American markets suggest that now might actually be a wise time to allocate closer to home.
  6. Investing

    How To Trade Foreign Stocks

    We weigh the major ways to trade foreign stocks for investors.
  7. Economics

    Asian LNG Prices: Not Likely To Rise Anytime Soon

    Asian LNG prices could stay low for an extended period of time, due to low oil prices, less demand and new LNG-producing projects on various continents.
  8. Savings

    Best (And Worst) Ways To Change Money In Europe

    Which are the cheapest– and most costly – ways to exchange money when you're in Europe? See if you made the right choices on your last trip.
  9. Personal Finance

    When Is It Cheaper To Fly To Europe?

    When can you fly to Europe for the lowest fares? Hint: You'll need gloves and a scarf.
  10. Investing Basics

    Here's How To Tap International Markets

    Access to foreign markets has grown a lot in recent years, allowing US market players to trade these bourses in real-time.

You May Also Like

Hot Definitions
  1. Interest Rate Risk

    The risk that an investment's value will change due to a change in the absolute level of interest rates, in the spread between ...
  2. Income Effect

    In the context of economic theory, the income effect is the change in an individual's or economy's income and how that change ...
  3. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  4. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  5. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  6. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
Trading Center