Migration and Labor Supply

Migration refers to the movement of people from one place to another, often in search of better opportunities, such as jobs or living conditions. Labor supply, on the other hand, is the total number of workers available to fill jobs in a given area. When people migrate, they can increase the labor supply in their new location, potentially filling job vacancies and contributing to the economy. However, this can also lead to competition for jobs and resources, affecting wages and employment conditions for both migrants and local workers.