Economics of Migration

The economics of Europe’s migrant problem.  The supply of migrants to Europe is fueled by waves of people fleeing the economic and social misery of their home countries – and, in some cases, political oppression, persecution and violence. They do so in hopes of a better future for themselves and their children. The temptation for some to try to make it all the way to the UK is amplified by the attractiveness of an economy with low unemployment, comprehensive social services and a country where many already know the language.  But as the supply of migrants has increased, the demand for migrant labor has gone the other way. Tougher laws have made it harder and more dangerous for employers to hire undocumented workers. And with a European unemployment rate of more than 10%, the demand is further damped.

Economics of migration