Economic Perceptions of Migration Flashcards
“The fiscal immigration report”
2018 - Immigration has an overall positive impact on public finances, as they pay more in taxes than they receive in benefits.
Why don’t migrants cause unemployment?
Fill skill gaps in sectors such as healthcare, agriculture, hospitality and construction which can be undesirable.
“The lump of labour fallacy”
2005-2008:
Increase of migrants in work is 660k, however increase in jobs available was 1.5 million.
Media-Driven Misconceptions
-Steal Jobs
-Terror threats
-Crime
-Claim benefits
University of London Study
People migrating to Britain from Eastern Europe were 60% less likely to receive benefits than those born in the UK.
Social Friction
Cultural, Linguistic and ethnic differences are the motif behind harmful economic accusations made by the media.
Fears of refugees - terror
50% in a UK survey think that the more refugees allowed in will lead to an increase of terror attacks.
Elephant graph
Assesses wealth distribution and income growth.
People may incorrectly attribute the stagnation in lower middle income economies to immigration policy when in reality it’s monetary policy and room for growth.