Essay on World Migrations And The Global Economy

912 Words Apr 1st, 2016 4 Pages
World Migrations and The Global Economy
As the world evolves and countries change, there is a constant ebb and flow of people throughout the globe. Safety, opportunity, and economic growth play major rolls in where people are willing and able to live. As we consider the burden of immigration on a country, we must also consider the value of diversity.
The understanding that more people mean fewer jobs is similar thinking to adding an extra trailer to a big-rig truck. The driver might be initially uneasy with the extra load they have to carry but would come to realize that they have a far greater capacity to carry more goods and increase profits. Referencing supply side economics, we see that “real output of an economy is determined in the medium term by the supply of real factors-labor and capital-and change in technology”(Dwivedi). Introducing more labor to the force consistently has a positive trend that increases nations GDP (Gross Domestic Product). The US Bureau of Labor and Statics shows that approximately 194 billion labor hours were worked each year from 1998 to 2013. Though in that span, US businesses increased productivity by 42%. With the same amount of hours worked there was a significant increase in output. That output came from improvements in technology and a greater number of individuals in the labor force (U.S. Bureau of Labor Statistics).
During the time of the Second World War, countries were undergoing extreme changes that caused massive shifts in…

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