For highly skilled professionals moving to Silicon Valley, such as doctors or tech employees, the advantages are predicted to be significantly bigger. Even low-skilled workers saw increases by multiples. Those moving to the Gulf Cooperation Council (GCC) countries, which include Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, and UAE, stand to gain less, on the other side.
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Focusing on the background
According to the World Development Report, low-skilled Indian migrants to the US are anticipated to have a tremendous increase in income of close to 500%, followed by UAE migrants at close to 300%. Indians who relocate abroad will increase their income by 120%. In comparison to internal migration, which is predicted to increase by 40%, the increase is enormous.
Moving to Silicon Valley by professionals
For highly skilled professionals moving to Silicon Valley, such as doctors or tech employees, the advantages are predicted to be significantly bigger. Even low-skilled workers saw increases by multiples. Those moving to the Gulf Cooperation Council (GCC) countries, which include Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, and UAE, stand to gain less, on the other side.
Migration results
For the majority of persons whose talents and characteristics are a strong match with the needs of the destination community, migration results in significant income rises. Even when internal migration takes place to relatively wealthier regions, these gains frequently outweigh what could be obtained in the country of origin.
The gains are so significant that it would take decades for the typical low-skilled worker in some countries of origin to acquire the income they achieve by migrating to a high-income nation, even at current rates of economic growth. Remittances are subsequently used to distribute these advantages to families and communities back home, according to the Migrants, Refugees, and Societies report.
The context of the migrants
There are 184 million migrants and about 37 million refugees in the world. According to the report, there are four different types of migrants: economic migrants with strong skill matches (such as Indian IT professionals in the US or construction workers in GCC countries), refugees with skills in demand at destination (such as Syrian entrepreneur refugees in Turkey), distressed migrants (such as some migrants who are under skilled at the southern border of the US), and refugees (such as Rohingya in Bangladesh). Among the top migrant corridors are India-US, India-Bangladesh, and India-GCC.
The most advanced observation
The research also predicts that in the coming decades, migration will become indispensable.
“Migration will become a need in the decades to come for countries at all income levels as the world battles to deal with global economic imbalances, diverging demographic trends, and climate change. Migration may be a force for prosperity and can aid in the accomplishment of the Sustainable Development Goals of the United Nations if it is properly managed, it stated.
