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The gains are estimated to be much higher for highly skilled workers like doctors or tech workers migrating to Silicon Valley. Even low-skilled workers experience multi-fold jumps. On the other hand, those migrating to the Gulf Cooperation Council (GCC) nations, comprising Saudi Arabia, Bahrain, Oman, Qatar, Kuwait and UAE, stand to gain less., Business News, Times Now
The World Development Report 2023: Migrants, Refugees, and Societies, identifies this trend as a unique opportunity to make migration work better for economies and people. Wealthy countries as well as a growing number of middle-income countries—traditionally among the main sources of migrants—face diminishing populations, intensifying the global competition for workers and talent.
The World Development Report 2023: Migrants, Refugees, and Societies, identifies this trend as an opportunity to make migration work better for economies and people. Wealthy countries as well as a growing number of middle-income countries—traditionally among the main sources of migrants—face diminishing populations, intensifying the global competition for workers and talent. Meanwhile, most low-income countries are expected to see rapid population growth, putting them under pressure to create more jobs for young people.
The World Bank urges policymakers to better match migrants' skills with needs in destination countries, while protecting refugees and reducing the need for distressed movements
The gains are estimated to be much higher for highly skilled workers like doctors or tech workers migrating to Silicon Valley. Even low-skilled workers experience multi-fold jumps. On the other hand, those migrating to the Gulf Cooperation Council (GCC) nations, comprising Saudi Arabia, Bahrain, Oman, Qatar, Kuwait and UAE, stand to gain less., Business News, Times Now