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Originally Posted by 11thHour
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A very good response to Spaten_Drinker's post for several reasons.
First, many employers use highly subjective and arbitrary selection criteria to hire employees. This often means less qualified employees are hired before more qualified employees. Similarly, many hiring managers focus on "cultural fit" when hiring (ie: which applicant they would most like to have a beer with).
And, in many fields, there are many more job seekers than positions available.
And, many areas have very high unemployment. So, if you have an underwater mortgage, you will find it very difficult to pick up and leave to a lower unemployment region.