Let’s Get Americans Moving Again

In theory, markets efficiently allocate resources to their highest and best uses.  Unfortunately, human capital tends to be very “sticky.”  People end up in the wrong places with the wrong skills.  The resulting surpluses and shortages make everyone poorer.  What causes this stickiness?  What can be done about it?  What are the implications?  We’ll provide the answers.

A recent Wall Street Journal report highlighted Decatur, Illinois, where unemployment has fallen.....