I don't mind relocating, but not for $10 per hour (the going rate for powerplant engineers with ten years experience).
In general, if you are in a small area and jobs dry up, moving has a higher priority. But if people living in established areas can't find jobs (recession, outsourcing/offshoring, whatever) and moving becomes more of the norm, repetitively, then what does that say about the quality of life? Do families constantly have to keep pulling up roots?