Yes, i’m aware it might be a stupid question. But i’ve been wondering this for years and just never searched it up or asked.
In: Economics
Moving is expensive. Even if you’re not having to physically move a lot of stuff there are still costs associated with securing housing, having to cover gaps in employment… most low income earners are living paycheck to paycheck and don’t have that kind of money to spare.
Being away from support networks (family/friends) can offset potential financial benefits.
Also, typically earning potential in less expensive areas is lower and so ultimately the net impact is negligible.
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