Better Quote by Joseph Stiglitz
“Free migration within Europe means that countries that have done a better job at reducing unemployment will predictably end up with more than their fair share of refugees. Workers in these countries bear the cost in depressed wages and higher unemployment, while employers benefit from cheaper labor.”
About This Quote
Source Book: Globalization and Its Discontents, 2002
Free movement of workers benefits low‑wage economies but can strain host nations’ labor markets.
In simple terms: Migration shifts jobs and wages.
Key Takeaway
Balance migration impacts.
Themes
economics
migration
labor markets
Mood
thoughtful
balanced
Type
economic
policy
When to use this quote
- policy design
- economic forecasting
- social integration
Key Concepts
unemployment
wage pressure
benefits of mobility
Questions to Reflect On
- How can policies mitigate wage pressure?
- What safeguards protect workers?
A Different Perspective
May overlook benefits to host economies.
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