It’s the paper everyone is talking about. I am on travel so I have yet to read the paper. James Pethokoukis has a helpful post. He concludes

On the downside, less labor dynamism “goes hand in hand with a slower arrival rate of new job opportunities” which “increases the risk of long jobless spells” and hampers the ability to “switch employers so as to move up a job ladder, change careers, or satisfy locational constraints.” When Americans are on the move, America is on the move. And right now, we aren’t — with evidence to suggest bad government policy shares a large chunk of the blame.

Pethokoukis also posts on a paper by David Autor that sounds interesting.