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Even with the advent of technological perks like the Internet and telecommuting, I can't help thinking that many labor markets are becoming more localized than ever before. Many people are underwater on their homes or simply are unable to sell them. Some areas, like my hometown in northeast TN, have an incredible demand for specific fields (teaching and nursing), but not much demand for other fields (STEM, financial). Other people do not make enough to move, like those in rural Applachia, so they cannot relocate to where the jobs are, no matter how intelligent, educated, or talented in a specific skill they are.
Does it seem like the future will have many areas that are close to "economic dead zones?" Do you feel that people from the economic hinterlands will be moving more frequently, over longer distances, just to maintain employment? Will rural areas decline further and will we see a new era of dominance by cities?
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