Worker mobility and transition aid to workers are two ways to offset some of the impacts of:

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When real-wage growth slows down, workers may find that their incomes are not keeping up with the cost of living, which can lead to financial stress and reduced economic security. Worker mobility, which refers to the ability of workers to move between jobs, regions, or industries, can help mitigate this issue by allowing workers to seek out better-paying opportunities or positions that match their skills more closely. By being able to move to where the jobs are, workers can potentially improve their earnings and job satisfaction.
Transition aid to workers includes programs such as retraining, unemployment benefits, and job placement services that support workers who have lost their jobs or are transitioning between careers. This type of aid is crucial during periods of economic change or when certain industries are declining and workers need to adapt to new market conditions. Transition aid can help workers develop new skills that are in demand and find new employment opportunities, thereby reducing the negative impact of a slowdown in real-wage growth on their livelihoods.
Both worker mobility and transition aid are important components of a broader strategy to support workers and ensure that the workforce can adapt to changing economic conditions, which is particularly important when wage growth is not keeping pace with the cost of living.

Worker Mobility and Transition Aid to Workers Are Two Ways