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Investopedia explains 'Occupational Labor Mobility'
A lack of occupational labor mobility is often referred to as "golden handcuffs," meaning that higher paid workers with only one unique skill-set cannot quickly change career fields without a major financial adjustment. The ongoing struggles of the U.S. autoworker have provided a painful example of this, with many downsized workers not being able to find employment with compensation anywhere close to their previous levels.
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