In some countries there are signifi dissolvet differences in average profits levels that more than compensate for variations in the cost of living. In a world of rising economic inequalities, the want to move to search for better paid word locoweed be extremely powerful.
On balance, immigration usually produces economic benefits for the receiving country. Immigrants are more economically active than the native universe of discourse; are paid less than natives with similar skills; are more ener haltic than natives; and more willing to take undesirable jobs, such(prenominal) as those with unsocial hours.
Adapted from an article by prof John Kay in the Financial Times
What are some of the macroeconomic benefits from an influx of workers into the economy?
-An expansion of the labour supply migration can extend the pool of available labour for firms: for example, mean migrants may alleviate shortages in sectors such as the NHS, agriculture, construction, computing industries and ground education
Reduced pressure on wage inflation - an growing in labour supply from migration is likely to restrain wage growth in the short term, given the amount of labour that firms demand
Aggregate demand effects- economic migrants are likely to move in more than they spend contributing to the growth of the local or regional economy
Entrepreneurship--
Source: Adapted from the Deloitte UK Economic Review, 3rd low-down 2006
Depressing the real wages of domestic help workers e.g. an inflow of hot workers will lead to an increased supply of low skilled workers and therefore drive down the equilibrium wage for domestic low-skilled employees
Doubts about productivity effect: Many immigrants,...If you want to get a full essay, order it on our website: Ordercustompaper.com
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