Why is work-related migration to rich countries falling?
Summary
Work-related migration to wealthy countries decreased by more than 20% last year. Factors like tighter visa rules and weaker labor markets contributed to this decline. The Organisation for Economic Co-operation and Development (OECD) reported this fall in migration, along with a drop in international students arriving.Key Facts
- Work-related migration to rich nations fell by over 20% last year.
- The OECD, which includes 38 economies, reported these figures.
- Tightened visa rules in the UK and Australia were key factors in the decrease.
- President Trump's trade policies also impacted global economic conditions.
- Ukraine's situation led to temporary protection for Ukrainians, easing some labor shortages.
- Permanent migration to OECD countries slightly declined by 4% from the previous year.
- Temporary labor mobility visas remained steady at around 2.3 million.
- In 2023, 6.5 million people migrated to OECD countries, marking a new record.
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