Labor migration isn't just a rich-country issue. Many nations in the Global South, including in the Caribbean, South America, and Africa, face their own workforce shortages. This creates opportunities for regional, South-South migration policies that could boost local economies without involving Europe or the US.

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When instability in a country like Venezuela forces skilled professionals to flee, a multinational corporation can retain that talent by relocating them to offices in other countries, turning a local crisis into a global talent redistribution.

Beyond its long-term growth benefits, rational immigration policy can be a powerful short-term tool against inflation. By addressing labor shortages in critical sectors like construction, agriculture, and elder care, an increased and targeted immigrant workforce can directly reduce cost pressures on essential goods and services.

While one-third of construction workers are non-native born, restrictive immigration policy's impact is currently muted by a cyclical decline in building. This temporary relief masks a structural labor shortage that will become a major constraint as the market recovers in 2026-2027.

Oklahoma City's mayor frames immigration as a practical solution to his city's sustained low unemployment and labor shortages. He argues that a regulated influx of people is essential to fill jobs at all skill levels and maintain economic growth, sidestepping partisan rhetoric.

The global talent pool isn't just for junior roles. Companies can gain a significant competitive advantage by hiring senior executive talent from international markets like South Africa or Colombia. This provides access to highly qualified, experienced leaders at a fraction of US salaries.

China does not oppose the migration of labor-intensive manufacturing to ASEAN countries. With an aging workforce, its strategic focus is shifting up the value chain to high-end industries like green energy. This indicates a deliberate industrial policy to cede low-cost production rather than a desire to control all levels of manufacturing.

Billions spent on border security hardware are a less effective use of funds than foreign aid. The same resources invested in stabilizing migrant populations in the first countries they flee to—supporting local healthcare, jobs, and schools—could prevent onward migration to the West for a fraction of the cost.

In a true market economy, labor shortages are impossible; wages would simply rise to attract workers. The argument that a country needs low-skilled immigrants to fill jobs is often a way to artificially suppress wages for the domestic working class, preventing market forces from correcting the balance.

The narrative of mass migration to wealthy Western countries is misleading. The vast majority of migrants move to neighboring countries. They only undertake perilous, long-distance journeys when conditions in those initial host nations deteriorate, often due to a lack of international support for those frontline states.

The most significant labor arbitrage today is not in low-skilled factory work but in high-skilled professional services. Raghuram Rajan highlights that a top Indian MBA costs one-fifth of a U.S. equivalent. This massive cost differential, combined with remote work, makes countries like India a hub for high-value service exports.