The Effect of Immigration on the UK Labour Market and Economy
Immigration is defined as the process wherein a person or group of persons leave their original country of residence and move to another in order to work or reside. The UK economy has been one of the fastest growing economies of its period which was one of the reasons why it attracted as many immigrants as it did. Considering that a majority of the immigrants are workers, it is logical to conclude that they would have had a significant impact on the labour market. This essay attempts to prove that the influx of migrants has had a positive effect on the UK economy and labour market.
Barwell, R. 2007, ‘The Macroeconomic Impact of International Migration’. Bank Of England Quarterly Bulletin, 213, pp. 35-42, Academic Onefile.
This article begins by addressing the question of why people migrate and provides the reasons which might motivate people to take such a drastic step. It further goes on to say that immigration would affect both aggregate demand and supply levels of the economy. The article shows the different ways migrants would affect different areas such as labour supply, job search, capital stock, technology and so on. According to the author, inflow of migrants would definitely increase the level of demand and supply in the economy. It would also boost consumption levels which would in turn increase production levels. The article suggests that the key point to be considered is whether migration would add to the inflationary pressure in the economy. The author comes to the conclusion that immigration has helped to reduce pressure of inflation in the economy.
This article was another wonderful source of information to base the essay on. It provided a different perspective of immigration into the UK economy and its impact on different spheres apart from the ones mentioned in other sources. The ideas where clearly presented and easy to understand and link to the...