Season 1 · Episode 379
Too many people?
Is migration getting out of control? Aside from the small proportion who are asylum seekers, what about the vast swathe of people brought in to fill jobs that locals won’t do. How sustainable is that?
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
November 29, 202340m 46s
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Show Notes
Last year net migration in the UK reached 745,000 people. A new record, which amount to more than 1% growth in the population. It’s an unsustainable population growth but Steve Keen argues growth on the planet as a whole is unsustainable. He worries that as climate change destroys food production migrants and UK locals alike will be queuing for relief flights to Rwanda. Climate aside, what is the impact of migration on the economy. It’s helping recipient economies by boosting GDP, often through lower page jobs for the migrant workers. Meanwhile the origin nations are losing workers and expertise, inhibiting their ability to develop. Is part of the solution more control on wages, so local workers are more willing to take on jobs left to migrants? That could slow the migration, encourage foreign workers to build their domestic economies and control the population growth in developed nations. Is that the logical way forward?
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