Pros and Cons Of Economic Migration into UK and USA

Trying to take wokeness out of key business risk management threats and opportunities

Can Economic Migrants Be the Recessionary Storm’s Lifeline? A 2024 Outlook for UK and USA

As storm clouds gather on the economic horizon, recessionary whispers turn into anxious roars in both the UK and the USA. In this tumultuous climate, a fascinating question emerges: Could economic migrants potentially act as a life raft, mitigating the damage of a potential recession in 2024?

As an expert economic analyst ( Keith Lewis ), I delve into this intricate issue, dissecting the potential role of economic migration in weathering the coming economic storm in these two major economies.

Buoying the Economy in Rough Seas:

Several arguments propose that economic migrants can serve as a buffer against recessionary forces:

  • Labour force resilience: With skilled and willing newcomers filling critical labour gaps, particularly in sectors facing shortages, economic migrants can bolster productivity and output. This can stabilise the economy and counteract downward trends, as evidenced by the contribution of migrant workers to sectors like UK healthcare and US agriculture.
  • Demand lifeline: By injecting fresh purchasing power into the economy, migrants can stimulate businesses and create jobs. This can boost aggregate demand, a crucial driver of economic recovery, as research by the OECD suggests with increased migration boosting GDP growth in several European countries.
  • Innovation anchor: Migrants often bring a wealth of entrepreneurial spirit and skills, driving business creation and innovation. This can foster economic growth and generate employment opportunities, potentially alleviating recessionary pressures, as demonstrated by the significant role of immigrants in US startup ecosystems.
  • Fiscal stability: As migrant workers contribute through income taxes and payroll deductions, they can bolster government revenue streams. This can provide crucial budgetary resources for social programs and infrastructure investments, helping governments navigate and mitigate the impact of a recession, as analyses in the UK suggest regarding the positive fiscal contribution of immigration.

However, navigating these turbulent waters necessitates caution:

  • Wage suppression: An influx of migrant workers can put downward pressure on wages,particularly for low-skilled jobs.This can dampen consumer spending and exacerbate inequalities, hindering overall economic growth, as studies in the US have shown in specific sectors.
  • Social tensions: Large-scale migration can strain social services and resources, potentially leading to public anxieties and fueling xenophobia.This can make it politically challenging to maintain open borders, even with potential economic benefits, as witnessed in the current political climates of both the UK and the USA.
  • Integration hurdles: Successful integration of migrants into the workforce and society is crucial for maximising their economic contribution. Language barriers, cultural differences, and lack of recognition of foreign qualifications can hinder integration, limiting the positive economic impact of migration. Robust policies promoting skill recognition and language training are essential to overcome these hurdles.

Navigating the Choppy Waters of 2024:

Assessing the evidence requires acknowledging the complexities of this issue. Studies on the direct link between economic migration and recessionary tendencies remain inconclusive, with varying results depending on factors like the skillsets of migrants, existing labour market conditions, and government policies. A tailored approach, considering specific national contexts, is crucial.

Charting the Course in 2024 and Beyond:

To leverage the potential benefits of economic migration while mitigating potential drawbacks in 2024 and beyond, both the UK and the USA can consider the following:

  • Skill-based migration strategies: Prioritising the entry of migrants with skills in high demand to address labour shortages and boost productivity, ensuring a win-win for both businesses and the economy.
  • Effective integration programs: Investing in language training, skills recognition, and cultural orientation programs can facilitate smooth integration, maximising the positive economic contribution of migrants and fostering social cohesion.
  • Robust social safety nets: Ensuring adequate social services and resources for both native and migrant populations can mitigate potential tensions and prevent economic hardship during a recession.
  • Data-driven policymaking: Continuously monitoring and analysing the impacts of migration policies on both the economy and social fabric is crucial for evidence-based policy adjustments and ensuring responsible management of migration in the face of economic challenges.

Conclusion:

While economic migrants cannot entirely prevent a recession, they can potentially play a crucial role in minimising its impact and expediting economic recovery. However, it is essential to acknowledge the complexities and potential challenges associated with migration. Openness to talent, coupled with responsible management, integration efforts, and data-driven policymaking, can harness the potential of economic migration to navigate the choppy waters of 2024 and build resilient economies for the future. Remember, weathering economic storms requires a balanced approach, embracing the potential of diverse resources while ensuring responsible and inclusive practices.

Subscribe to more business risk management articles videos and risk reviews

Contact Us

Grow your business faster and protect it from economic recession

Contact Us

Develop your career or fill painful skills gaps faster and cheaper

Contact Us

 .

Strategies for managing employee shortages

BusinessRiskTV Risk Jobs Search and Recruitment

How do you attract recruit and retain top talent?

What is it about your business culture or reputation that should attract more job applications? How do you engage with your employees and fulfil their career progression aspirations? How well do you communicate with your existing employees and with those whom you wish to attract to your business? What opportunities are there for your employees to learn and develop their skills whilst improving your business development?

How are you handling your talent shortage?

Have you overlooked the potential of your existing employees to fill your own skills gaps? Could you adjust your job descriptions to attract people who have the potential to grow into roll you need to fill? What could your business do in the short-term to manage what may be a short-term problem?

If you are not filling up your boat fast enough, what are you doing stop it leaking!

Many businesses under value the talent they have in their business already. The cost of replacing existing talent can include a higher salary to attract staff who leave, lost business waiting to fill job vacancies and the dissatisfaction of the employees left within the business.

  • Do you know if you have a problem of staff retention? There is a tendency for business leaders to blame the people who have left the business when the problem is how business leaders manage staff retention.
  • Do you know if you’re wages and benefits are competitive in the marketplace? A leaky boat could become a sunk boat! You may need to adjust your business priorities to prevent future issues becoming catastrophic.
  • Could better use of existing staff not only improve the business, but boost the confidence and loyalty of existing staff to stay with the business for the long haul.
  • What other changes apart from P can your business make to encourage existing staff to stay and attract talent? many people know value flexible working opportunities over higher pay and that may keep your existing staff or attract new employees.

The fuller engagement of employees in the journey of the business can pay dividends in terms of staff retention and avoidance of service quality issues.

Upskilling your workforce is essential for retaining and attracting new talent.

BusinessRiskTV

You may need to change your approach if resourcing is causing business development problems. The cause of your skills gap maybe your own doing or maybe a marketplace issue. Either way your skills gap will need to be addressed if it is to stop impeding your business progress. What is your plan to fill your skills gap?

Strategies for managing employee shortages

Risk Management Experts Webcasts BusinessRisk Business Experts Hub

Increase your chances of success with BusinessRiskTV Risk Management Experts Webcasts

How can I develop my risk management knowledge and business intelligence

BusinessRiskTV regularly hosts free risk management webcasts run by risk expert trainers for your country or industry. The risk management webcasts are free to attend from any device you normally use to access key business risk information and business intelligence. Develop your risk knowledge and business risk management skills.

Enterprise Risk Management Forum
BusinessRiskTV Enterprise Risk Management Think Tank

Upcoming business risk management webcasts BusinessRiskTV

Risk Management Webcast Series BusinessRiskTV

Develop your risk knowledge, business intelligence and business risk management skills with Pro Risk Manager service. Our Pro Risk Manager Service will help you explore the evolution of holistic enterprise-wide risk management in response to the ever-developing world of risks.

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

Risk Management Experts Webcasts Series

Enterprise Risk Management Expert Panels Online

Enterprise-wide risk management educational risk management webinars and risk management workshops designed to explore common challenges business leaders face every day. Solve corporate governance, business risks and compliance (GRC) issues quicker and cheaper with help from our Business Experts Hub participating in online risk management webcasts.

Use Enterprise Risk Management ERM to boost your business performance and build stronger business resilience

Enterprise Risk Management Training Workshops Online
Enter code #ERMtraining

More: Develop your knowledge of the benefits of holistic enterprise-wide risk management ERM by registering for our own risk management courses.

Business Risk Management Professionals Magazine ERM
BusinessRiskTV Enterprise Risk Management ERM Magazine

More: Read latest risk management news opinions and risk reviews articles and watch live and ondemand video stream

Risk Management Experts Webcasts BusinessRisk Business Experts Hub

Advertise your job vacancy online with our Post A Job service

Advertise your jobs on BusinessRiskTV.com

Advertise a job online cheaper and easier. Find out how to advertise a job vacancy on BusinessRiskTV. Post a job online on BusinessRiskTV to advertise job online. Are you a professional recruiter or employer with job vacancies to fill? Do you want job hunters to apply to your jobs direct with you? If you can fill your job vacancies faster what will it mean for your business objectives? Advertise your skills online to stop your job hunting for dream job.

“Make sure your business is properly resourced to take on the business environment challenges”

BusinessRiskTV

There is a growing skills gap in the UK. Many recruiters would employ more people if they could find the right people with the right skills and experience. We help you to engage and attract job hunters that may not even know they are looking for a job!

Job Vacancy Poster Service With BusinessRiskTV

Jobs and Careers Development Skills Gap Filling

Develop your career faster and fill skills gaps quicker

Job Advertise Options include but not limited to:

  1. Advertise a job vacancy on a specific page that interests people you want to employ
  2. Create your own link from an image or text direct to your recruitment process funnel or existing job vacancy posting you want to fill.
  3. Create your own advertorial to promote your business interests on subjects that interest people you want to apply for jobs and direct their application to your own recruitment process.
  4. Create your own website page on BusinessRiskTV listing multiple job postings that link to your own online recruitment process.
  5. Sponsor a page image or service to promote your business interests and attract new recruits.

We have a number of innovative ways you can fill your skills gaps quicker and cheaper to achieve your business objectives faster.

Subscribe to BusinessRiskTV Recruitment Partners for free alerts and bulletins to your email inbox on ideas to fill job vacancies faster

BusinessRiskTV.com Free Subscription Online
Subscribe to BusinessRiskTV.com for free

Enter code #Recruiters

Promote and market your job vacancies on BusinessRiskTV

We have a number of flexible cost effective ways to get your job vacancies noticed more quickly more cheaply. Contact us to find out more

Enter code #Recruiters

Post Your Job Vacancy Advertisement In The Best Place On BusinessRiskTV To Reach Best Candidates For Your Job Vacancy

Search and apply for jobs

Find and apply for jobs online with help from BusinessRiskTV.com. Fill your job vacancies faster with the best people. CLICK HERE or email editor@businessrisktv.com to create your job vacancy post on BusinessRiskTV.

Read articles and watch videostream on jobs careers and recruitment trending on BusinessRiskTV

Skill gap in the workplace UK
UK Business and Economy News and Risk Analysis Report August 2020

UK Business and Economy News and Risk Analysis Report August 2020

Business Risk Jobs London

Find and apply risk jobs in London on BusinessRiskTV

Farmers and Agricultural Job Vacancies

Subscribe to BusinessRiskTV.com for free enter code #FarmJobs

Job Vacancies Near Me

Find Jobs With BusinessRiskTV

Discover great new career development opportunities with BusinessRiskTV.com

There is a job vacancy advertised on BusinessRiskTV for you

Read more business risk management articles and watch videostreaming live or ondemand for free

MarketplacesExhibitions
Save MoneyRisk Magazine

#BusinessRiskTV #Recruiters #AdvertiseJob #JobVacancy #JobVacancies #PostaJob #AdvertiseJob #SkillsGapUK #Recruitment #BusinessLeaders #PostaJobOnline #HowToAdvertiseAJobVacancy #AdvertiseJobOnline #PostAJob

BusinessRiskTV Advertise your job vacancy online with our Post A Job service

Develop better business leader skills

Learn effective leadership skills with BusinessRiskTV.com

Develop leaders in your business. Build your business intelligence for better business decision making. Become more proficient at enterprise risk management ERM. Improve your expertise and business competence. Finesse your risk management process. Understand your readiness to take more risks to achieve more in business. Be more savvy with your risk knowledge. Use latest risk management techniques.

Use risk management experts to help you make right choices.

Subscribe to BusinessRiskTV for free alerts to upcoming online leadership development courses

Enter code #LeadershipDevelopment

Develop effective leadership skills

Corporate Business Enterprise Risk Management Training Conference for Leaders

#BusinessRiskTV #BetterBusiness #BusinessDevelopment #BusinessLeaders #Leadership #LeadershipSkills #EffectiveLeadership #Leaders #LeadershipDevelopment

BusinessRiskTV Develop better business leader skills

How To Fill Job Vacancy Faster BusinessRiskTV Fill Job Vacancy

Make recruiting talented people to fill your skills gap faster with BusinessRiskTV

Vacancy for job. Apply to fill latest job vacancies. Recruiters now hiring can promote job vacancies. Job hunters can apply direct through recruiters normal recruitment channels. Fill your job vacancy quicker and more profitably with our innovative approach to recruitment. It is increasingly difficult to fill job vacancies in UK.

“Is your struggle to fill job vacancies holding your business back? We can help you overcome the brake on your business performance. Find people with the right skills to fill your job vacancies.”

BusinessRiskTV.com

We are not recruitment consultants nor a recruitment agency. We do put your business job vacancies in front of people you may want to employ.

Update your recruitment strategy with our fresh approach to connecting you with high quality job candidates.

Helping connect people and businesses

Finding the latest best recruits can be time consuming or unfruitful. We make life and business easier and better.

Searching for what you need in business is free. Come back often to find the best and worst business practices. Pick up the latest lifestyle and business news headlines opinions debate and business reviews.

Subscribe to BusinessRiskTV to find out how to fill your skills gaps

Do you have job vacancies you cannot fill? Contact us and tell us about your unfilled job vacancies

Enter code #VacancyForJob

Register for free to receive alerts to latest job vacancies

CLICK HERE to receive alerts to new jobs and include details of the type of job you are looking for entering code #JobSearch

Recommended articles and videos to develop your career

Jobs and Careers Development Skills Gap Filling

Develop your career faster and fill skills gaps quicker

Read more business management articles and watch videostreaming live or ondemand for free

AcademyMagazines
MarketplacesExhibitions

How To Fill Job Vacancy Faster BusinessRiskTV Fill Job Vacancy

How To Improve Organisational Learning BusinessRiskTV Tools For Organisational Learning

Organisational learning techniques with BusinessRiskTV.com

Tools for the improvement of organisational learning processes. Continuously improve your business by learning new risk based ways to develop your decision making process. 

Develop better enterprise risk management learning culture practices and processes

BusinessRiskTV

Pick up latest tips advice and support to develop a better continuous learning culture to improve business performance. Create new risk knowledge and business intelligence. 

Improving organisational learning

Finding the latest risk management news can be time consuming or unfruitful. We make easier.

Searching for what you need to inform your business decision making is free. Come back often to keep up to date. Pick up the latest risk management business news headlines opinions debate and business reviews.

Subscribe to BusinessRiskTV for practical risk management insight for free

Increase your business effectiveness. Achieve more with the same resources with less uncertainty. 

Subscribe for free to BusinessRiskTV to receive free alerts to latest risk management news opinions debate and business reviews

Do you own or manage a risk management related business?

CLICK HERE to find out how to promote your risk management related business

Become Tools For Organisational Learning sole sponsor for 12 months

Business leaders do not always have the marketing budget to promote their risk management business. We provide a range of online marketing options for risk management businesses to fit most budgets so you can promote your business products or services for longer.

Paypal is an independent third party payment system provider. We will never see your full payment details. Pay with your credit or debit card and be protected by Paypals secure systems.

Sponsor Tools For Organisational Learning for 12 months

Name of your business

When Paypal tell us your sponsorship fee has cleared to our account we will

  1. Email you to get your logo or image an link it to your business website
  2. We will also ask for more information about your business to create a business review to promote your business
  3. We will include all your preferred contact details to make it easy for new potential customers to buy from you instead of your competitors

Alternatively CLICK HERE to find other ways of promoting your business more cost effectively.

Recommended articles and videos

AcademyRisk Magazine
MarketplacesExhibitions

BusinessRiskTV Tools For Organisational Learning

How To Sell On The Risk Management Marketplace Buy Risk Products

Sell more of your risk management products or services on BusinessRiskTV.com

Buy risk management products and services on our risk management market. Do you offer risk management training courses? Are you looking for a risk management training course? Do you have products that help to manage business risks?

The Risk Management Marketplace

Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV
Marketplace Consultants Helping Online Selling Partners Grow Their Business Faster With BusinessRiskTV

Enter code #RiskManagementMarket

Subscribe to BusinessRiskTV free alerts bulletins and reviews to your inbox

Complete and submit the form below and enter code #RiskManagementMarket

Promote and market your business risk management products or services by sponsoring our How To Sell On The Risk Management Marketplace Post for 12 months

BusinessRiskTV Risk Management Reviews

Buy sell risk management products and services online

Compare the price of risk management products and services. Read risk management product and service reviews. Watch live product and service reports.

  • Ordering from a Risk Management Marketplace Seller. We will never receive and our Risk Management Merchants will never receive your full payment information where a payment button is offered to make your ordering quciker and easier. Where a payment button is not offered we will direct you to our Merchant Partners as per their preferred sales process. If the Sellers product or service is not fulfilled by BusinessRiskTV then your order will be fulfilled directly by the Merchant offering the product or service on BusinessRiskTV. All customer service questions should be directed to the Merchant offering the product or service for sale.
  • Contacting Risk Management Marketplace Sellers. We will provide seller contact details including phone email and website.
  • Risk Management Marketplace Seller Feedback. We would also appreciate it if you could leave feedback on your experience of the Risk Management Marketplace Seller product or service. This will help other buyers buy from the best risk management product or service providers.

Reach more risk management products and services buyers with BusinessRiskTV.

Subscribe to receive risk management product or service reviews or special offers

BusinessRiskTV Risk Management Marketplace
Subscribe to receive risk management product or service reviews or special offers enter code #RiskManagementMarket

Sell your risk management products or services on BusinessRiskTV

When you sell your risk management products or services on BusinessRiskTV your products and services are easier to find and even buy online. Register for more information.

Its easy and quick to set up as a Risk Management Product Seller. If you have a Paypal account you can even set up online payments. Use ecommerce to sell more online and protect cash flow.

Sell on BusinessRiskTV and fulfil order via your existing sales process. When an order has been placed for one of your risk management products the buyer can be immediately directed into your sales systems.

The Risk Management Marketplace includes independent sellers who offer a variety of business risk management products and services. Buying from a Risk Management Marketplace Seller is quick and simple and often cheaper than buying elsewhere.

Leverage your existing risk management product or service fulfilment  capabilities. Add Paypal payment button if you have a Paypal account to sell more and protect cash flow in your business. By displaying your Paypal ecommerce payment button you are committing to fulfilling orders for your new customers.

Register to learn more about how we can help you increase your revenue more profitably.

BusinessRiskTV Risk Management Marketplace Sellers register below

Sell Risk Management Products and Services In The Risk Management Marketplace
Sell your risk management products or services on BusinessRiskTV enter code #RiskManagementMarket
BusinessRiskTV Corporate Business Enterprise Risk Management ERM Membership
Click On Image To Become A Pro Risk Manager with BusinessRiskTV

BusinessRiskTV How To Sell On The Risk Management Marketplace Buy Risk Management Products and Services Online

New Risk Management Training Courses

In classroom and online risk management training courses

How can business leaders improve management of business risks?

Enterprise Risk Management Training Workshops Online

Enter code #RiskManagementTraining

Alerts to new risk management training courses online and locally to you

Corporate business enterprise risk management training providers promoting latest deals discounts and special offers on BusinessRiskTV. Risk management training courses do not fill themselves.

  • Helping risk management training providers to fill their courses faster
  • Helping business leaders to develop risk management skills and knowledge
  • Connecting risk management training providers with new customers more easily

Practical and theoretical risk management training course marketplace bringing sellers and buyers together.

Register for alerts to upcoming risk management training courses with special deals discounts and offers

Focus your management style on a more risk based approach to build business resilience and boost business performance with less uncertainty impacting on your business objectives.

Northern Powerhouse Risk Management Online Seminars

Enter code #RiskManagementTraining

Find compare review risk management courses near me

Risk management training providers work with BusinessRiskTV to promote their courses. The risk management training courses can be found in many parts of the world so find and compare one near you. Some risk management training courses are online and can be accessed from anywhere in the world with good WiFi connection. Learn to manage enterprise risk more effectively.

Open and online risk management training courses

Free risk management courses online
Register for alerts to upcoming risk management training courses with special deals discounts and offers enter code #RiskManagementTraning

Are you a risk management training provider?

Want to become one of our risk management partners?

Risk Management Training Course Providers Register and Promote Your Risk Management Training Courses
Risk Management Training Course Providers Register and Promote Your Risk Management Training Courses entering code #RiskManagementPartner

BusinessRiskTV Risk Management Training Courses

Risk Management Courses InCompany Regional Online

Enrol today or ask for more info from BusinessRiskTV

Learn practical risk management tools and techniques to embed in your business or enterprise

Corporate Governance
Risk Management Training Courses with BusinessRiskTV

Want to study risk management online from wherever you are in the world?

Register your interest in upcoming risk management courses online

Enter code RISK MANAGEMENT TRAINING

Want to run a risk management course in-house on your company premises or local venue?

Enter code RISK MANAGEMENT TRAINING INHOUSE QUOTE

BusinessRiskTV Risk Management Courses