Impact of Migration on Labor Market

Migration impacts the labor market by influencing the supply and demand for workers. An influx of migrants can fill labor shortages, especially in sectors like agriculture, hospitality, and healthcare, boosting economic productivity. However, it may also lead to competition for jobs and potentially lower wages for certain groups, especially among low-skilled workers. On the flip side, migrants often bring diverse skills and innovation, which can drive growth and create new job opportunities. Overall, the effects of migration on the labor market can be complex and vary based on local economic conditions and demographics.