ivar
Contributor
Posts: 10
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Post by ivar on Jan 11, 2013 6:59:18 GMT -6
Hey.. Guys i just want toknow What are the advantages and disadvantages of economic migrants in the UK? share with me
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usain
New Member
Posts: 5
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Post by usain on Jan 11, 2013 8:03:44 GMT -6
There could be following advantages and disadvantages. Advantage: - An increase in the labour force is a factor which leads to an increase in aggregate supply. This increase in AS is also known as an increase in productive potential which is required to sustain economic growth.
Disadvantages: - They lose some of their labour force meaning the reverse of the above happens. 3 years ago
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Post by unlawflcombatnt on Jan 11, 2013 12:42:29 GMT -6
There could be following advantages and disadvantages. Advantage: - An increase in the labour force is a factor which leads to an increase in aggregate supply. WRONG. An increase in the labor force does not increase the aggregate supply of goods produced. Only an increase in demand does that. An increase in the labor force (i.e., an increase in the "supply" of labor) reduces wages, and thus reduces the buying power of workers and the demand created by that buying power. Thus an isolated increase in the labor force actually reduces production, since it reduces the demand for production by reducing wages and aggregate buying power of the currently employed workers.
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Post by jeffolie on Jan 11, 2013 13:52:25 GMT -6
Hey.. Guys i just want toknow What are the advantages and disadvantages of economic migrants in the UK? share with me I wonder what you mean by the term " economic migrants in the UK".
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Post by Cherry on Nov 16, 2017 5:15:23 GMT -6
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Post by unlawflcombatnt on Dec 9, 2017 8:11:22 GMT -6
Hey.. Guys i just want toknow What are the advantages and disadvantages of economic migrants in the UK? share with me It expands the labor supply, which decreases the Price of Labor, which means decreasing individual wages. It Decreases the wages of UK workers.
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