One possible explanation is the increase in the percentage of young adults that are moving back in with their parents.
This may lead to a decreased desire to experiment with different jobs in the local labor market, and essentially precludes geographic relocation for employment reasons.
This means that these workers will earn less on the new job.
What fields are expected to grow the most in the coming years?
According to projections by the Bureau of Labor Statistics, almost 9 out of 10 jobs expected to be added during 2016 to 2026 will be within the service-providing sector.
This means that not only are younger workers not relocating for employment reasons, they are not changing jobs within their local labor market.
There are a number of possible explanations for this.