A Closer Look

Immigration – More efficient integration could generate an additional boost of $800 billion to $1 trillion worldwide

Realizing the benefits of immigration hinges on how well new arrivals are integrated into their destination country’s labor market and into society. Today immigrants tend to earn 20 to 30 percent less than native-born workers. But if countries narrow that wage gap to just 5 to 10 percent by integrating immigrants more effectively across various aspects of education, housing, health, and community engagement, they could generate an additional boost of $800 billion to $1 trillion to worldwide economic output annually. This is a relatively conservative goal, but it can nevertheless produce broader positive effects, including lower poverty rates and higher overall productivity in destination economies.

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Chosen excerpts by Job Market Monitor. Read the whole story at Global migration’s impact and opportunity | McKinsey & Company

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