Free movement of labor and capital not constrained by language and cultural barriers in various regions of the U.S. economy has been an important factor in promoting balanced economic growth and development in the United States. One measure of labor mobility is the percent of people age one year or older who live in a different house in the United States.
In 2009, about 17.4 percent of these Texans lived in a different house a year earlier compared with 14.9 percent for the United States. High mobility makes it easier for people to move away from places with less economic opportunity to places where the opportunities are greater.
Clearly, people all over the world are voting with their feet and their pocketbooks and moving to Texas.
The article on which this series is based in the October issue of Tierra Grande. It’s called “Nine Reasons to Invest in Texas.”