Fixing The Housing Market Could Help Fight The Labor Shortage

In the US, more than 10 million job openings remained unfilled at the end of August, while a hot housing market struggles to keep up with demand. The location gap between affordable housing and jobs, known as spatial mismatch, has widened during the pandemic. Cities with the most job openings lack affordable housing options, and areas where housing is cheaper lack promising labor markets. “People need safe, stable, affordable housing in high-opportunity neighborhoods in order to have any upward economic mobility. Certainly having affordable housing near jobs will help us get there,” said Christina Stacy, a principal research associate at the Urban Institute.

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