Data says Australians are 'stuck': not moving jobs, states or starting businesses
A series of economic indicators reported by the ABC shows Australians are less mobile, less dynamic and more risk-averse than they used to be. Rates of changing jobs, moving between states and starting new businesses are declining.
According to the ABC, a series of economic indicators suggests Australians have become less mobile and more cautious than in the past. The data points to declining rates of changing jobs, moving between states and starting new businesses.
The report stresses that this sluggishness matters for economic dynamism. Falling labour mobility and entrepreneurship feature prominently in debates over productivity and growth.
The ABC says taking less risk reflects a behavioural shift at both household and company level. The analysis notes these trends could, over the long term, affect the economy's capacity to adapt. This article is not financial advice.
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