Adam Smith on the Mobility of Labor v. Capital
Adam Smith, The Wealth of Nations, Book I, Chapter 10, Part II:
Corporation laws, however, give less obstruction to the free circulation of stock from one place to another than to that of labour. It is everywhere much easier for a wealthy merchant to obtain the privilege of trading in a town corporate, than for a poor artificer to obtain that of working in it.
Same as it ever was.