DEFINITION of 'Occupational Labor Mobility'

Refers to the ease with which workers can switch career fields to find gainful employment or meet labor needs. Higher levels of occupational labor mobility help to maintain strong employment and productivity levels, leading many governments to provide occupational retraining to help workers acquire necessary skills and expedite the process.

BREAKING DOWN '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.

  1. Geographical Labor Mobility

    This refers to the level of freedom that workers have to relocate ...
  2. Worker Adjustment And Retraining ...

    A United States labor law that offers protection to workers, ...
  3. Department Of Labor (DOL)

    The Department of Labor is a cabinet-level U.S. agency responsible ...
  4. Workers' Compensation Coverage ...

    Insurance that protects employees under state laws, and provides ...
  5. Trade Adjustment Allowance

    A federal government subsidy paid to individuals who have lost ...
  6. Labor Market

    The labor market refers to the supply and demand for labor, in ...
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