Why rich countries are so dependent on migrant workers | CNBC Explains

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  • Опубликовано: 14 июн 2024
  • The International Labour Organisation estimates that there are 169 million international migrant workers in the world, making up almost 5% of the global workforce. The majority work in, and are integral to the fast development of high-income countries, but at what cost?
    Video contents:
    00:00 Intro
    00:40 Economic impact of migrant workers
    02:04 Biggest drivers of the migrant workforce
    03:55 Commonalities of countries that provide migrant workers
    05:57 Vulnerability of migrant workers
    07:00 Benefits of migrant workers
    -----
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Комментарии • 421

  • @bler43
    @bler43 2 года назад +271

    my dad was a sea fearer for 30 years he was gone 8-10months every year. because of his sacrifice my mom me and my bro lived a comfortable life and both of me and my bro was put up with college. i never knew that being a migrant worker was especially hard to individual who is doing work until I was assigned in US for an IT work for 6 yrs. i found a new level of respect to my dad who did that consistently done that for 30 yrs. cheers from the Philippines

    • @12akul
      @12akul 2 года назад +5

      Respect

    • @evm6177
      @evm6177 2 года назад +1

      🍷👍

    • @rvm5052
      @rvm5052 2 года назад +1

      Respects

    • @LarryfromPH
      @LarryfromPH 2 года назад +2

      To think that there was limited mode of communication during that time! Kudos to OFWs of previous millennium.

    • @tenbegger314
      @tenbegger314 2 года назад

      Salamat po

  • @faridjafari6356
    @faridjafari6356 2 года назад +197

    This clip mostly emphasized on why workers in poor countries have to migrate to rich countries? (which we all know already) instead of why the rich countries need them? which was supposed to be the topic of the video.

    • @yade5979
      @yade5979 2 года назад +22

      Easy answer: cheap labor.

    • @yade5979
      @yade5979 2 года назад +13

      @金城㱐 Thats pretty much the whole reason why rich countries let immigrants in, they dont care for them as humans, if they would, they would help their countries not become horrible places. Make them leave their country, than dont take anymore once enough new cheap workers are here, and than have their whole unsustainable system keep going.

    • @ilhamrj2599
      @ilhamrj2599 2 года назад +4

      I mean it is a bit of both. People migrates from poor rural region to bustling urban area. Urban Area cannot be what it is a today by relying on city residents only, they need cheap rural workers.

    • @yade5979
      @yade5979 2 года назад +4

      @@ilhamrj2599 The difference i see between your example and the one where migrants from other countries come, is that the rural areas are still part of the same country, so the well-being of its citizens is the responsibility of the same government, so they can and should provide from the rural areas or risk having unsustainable conditions in their major cities. What i see with international-migration however is that it seems that rich countries intentionally cause problems in poor ones, or are already using the bad situation in poor ones in order to gather the much needed cheap labor, all in order to keep their flawed system running, they arent his nations people, so no need to actually help and improve their situation, making use of their disadvantage is sadly how this world is operating.

    • @zodiacfml
      @zodiacfml 2 года назад +1

      they answered this in one sentence at the end but yeah, 95% of the video is not answering posed by the title.

  • @sarabeth8050
    @sarabeth8050 2 года назад +405

    The entire economies of Singapore, Qatar, and Dubai would collapse into oblivion if not for their massive exploitation of cheap foreign labor.

    • @MrMannyhw
      @MrMannyhw 2 года назад +30

      That's cause they dont believe in human rights. Western countries are doing the same.

    • @shading_and_art
      @shading_and_art 2 года назад +6

      @@MrMannyhw True

    • @LoneWolf-tk9em
      @LoneWolf-tk9em 2 года назад +42

      @@MrMannyhw nah, Dubai & Qatar are worse, human labors from India, Bangladesh etc. are treated worse animals; from sieging their passports to hiding deaths on construction sites..pretty common in UAE, the irony is that the Royals know this but still don't intervan

    • @ManojKumar-yn9qx
      @ManojKumar-yn9qx 2 года назад +2

      @@LoneWolf-tk9em India, Bangladesh AND PAKISTAN

    • @oceanwave4502
      @oceanwave4502 2 года назад +7

      Japan, SK and China don't embrace pro-immigrant policies (it doesn't mean they don't need immigrants 100%). To compensate for the lack of labor, of course, the local people have to work hard hard. The long-term benefits can be that the identity of the country is not lost. The solidarity can be maintained.

  • @JRPGGUY
    @JRPGGUY 2 года назад +253

    Cheap labor. There you go.

    • @artstationideas6479
      @artstationideas6479 2 года назад +9

      Most of the visas are issued for high skill jobs and they are not "cheap labor" for example a typical AI engineer makes around 200-250k in GOOG, or 100k+ for a senior embedded system engineer.

    • @LukeThomasPerth
      @LukeThomasPerth 2 года назад +18

      @@artstationideas6479 incorrect…its far cheaper to higher an already trained engineer than it is to train an engineer from ground up in America….so Western Wealthy countires have the luxury of choosing both skilled and menial labour (at a bargain)

    • @montyi8
      @montyi8 2 года назад +3

      @@LukeThomasPerth that's a good explanation. atleast few people have the ability to coherent comments.

    • @sn5301679
      @sn5301679 2 года назад +1

      "Modern sl*ve"

    • @gilberttorres8
      @gilberttorres8 2 года назад

      @@LukeThomasPerth don’t people in the US go to college for Engineering Degrees? And thereby not being trained from the group up.

  • @FinancialShinanigan
    @FinancialShinanigan 2 года назад +439

    People wanting cheap McDonald's while refusing to work at McDonald's but still complaining about McDonald's services.

    • @kkk2.077
      @kkk2.077 2 года назад +8

      Some consider McDonald a career option and they should provide higher wages

    • @tugful
      @tugful 2 года назад +7

      @Ander Aborin Lands in every country are stolen from someone.

    • @azimkhan4805
      @azimkhan4805 2 года назад +16

      Also complain about migrant workers all at same time

    • @TL-pk2gh
      @TL-pk2gh 2 года назад +1

      Facts!

    • @AntoineJacques
      @AntoineJacques 2 года назад +2

      Id MacDonald's sponsor visa me and my friends would gladly work there

  • @gilmore6168
    @gilmore6168 2 года назад +354

    Rich countries need cheap laborers and someone they can look down when they’re bored.

    • @Funtastik25
      @Funtastik25 2 года назад +22

      Also it's a questionable form of love and hate relationship. It's like they love them when they need them yet they also hate them at same time. But who's really willing to do the so called rich nations' undesirable jobs without the migrants?

    • @DioBrando1996v
      @DioBrando1996v 2 года назад +22

      That's sounds like the UK

    • @watsappenin2865
      @watsappenin2865 2 года назад +8

      Lmao wtf you think they hire migrants so when they get bored they can look down on them? It's about money mate 😂

    • @bloodwargaming3662
      @bloodwargaming3662 2 года назад +5

      Plus the right wing politician's need them also to get votes if know what I mean .

    • @pundlik9012
      @pundlik9012 2 года назад

      Agreed

  • @justiniusjustinius137
    @justiniusjustinius137 2 года назад +44

    Because businesses want to increase profit margins, and one of the easiest ways to do that is to reduce your labour costs. This is why lay-offs are usually the first thing done in a company when their are losses. If you invest in your own citizenry by providing them with training and education and pay them a livable wage then you don't need migrant workers, or at least, you need them a hell of a lot less.
    But that also means less profit and returns to investors that probably already have enough money to last them 10 lifetimes. And we just can't have that.

  • @anwitmondal6417
    @anwitmondal6417 2 года назад +16

    CNBC sure does know how to make a 1 minute video into a 9 minute video.

  • @lemagnifique1573
    @lemagnifique1573 2 года назад +44

    That's why I appreciate the nationalism doctrine in Indonesia, to work in our own country and build our nation first, even built our hometown first. Indonesia has similar problems with India, Philippines, Mexico, Egypt, etc (low economy, cheap labors, etc) but we're less sending migrant workers abroad, indeed we sent migrant-worker to Middle Eastern and richer neighboring countries, but not as much as another migrant-worker exporter countries.
    And currently our government has planned to stop sending unskilled migrant workers to abroad, due to worker abused cases in middle east.

    • @phikolomziquvana5150
      @phikolomziquvana5150 2 года назад +2

      I wish our economists and leaders would understand that concept here in South Africa.

    • @mayaparamita2254
      @mayaparamita2254 2 года назад +9

      Not all migrant workers from Indonesia is unskilled. Lots of my family members studied abroad and now lives and works in singapore, US, etc as professional workers in office. There are at least a thousand Indonesians in Aussie. Mostly study and work professionaly. You shouldn't be just close minded by only repeating what Indonesian news which only cover stories about Indonesian migrant workers who work as maid or cheap labors, as there are lots and lots of professional migrant workers and business owners suceeding overseas, 1st world countries or others, that are not covered by Indonesian news.

    • @phikolomziquvana5150
      @phikolomziquvana5150 2 года назад

      There's a fine line between skills transfer or skills import if you may!,
      which speaks to a developed economy that is ahead in manufacturing and automation technology. And the reality of it is Globalisation through free markets and multi national companies through the 4IR and economic configuration, these are all conducive to the digital and gig economy which sees major corporations and companies opting for cheap migrant labour that floods the labour market and in most cases results companies wanting to maximise profits by cheap labour.

    • @lemagnifique1573
      @lemagnifique1573 2 года назад +4

      @@mayaparamita2254 yeah i noticed that so many professionals, engineers, scientists, scholars from Indonesia in developed countries like Spore, USA, Australia, European countries, etc, even i know many scientists which have scientific research in Japan or Europe. Tbh i didn't say that all of Indonesians migrant-workers are unskilled workers, i just speak up about problems which experienced by Indonesian unskilled-workers.

    • @frey439
      @frey439 2 года назад +1

      Wow as indonesian i just knew this law thing exist

  • @Minchya
    @Minchya 2 года назад +18

    The vast majority of cases of worker exploitation that we have seen in Australia has been migrant workers being taken advantage of by their own country men and women in business.

    • @ShawnJonesHellion
      @ShawnJonesHellion Год назад

      like when migrants killed the abbos to invent nazi Australia a continuation of the 6000 year kkkristian empires global conquest

  • @hadimehdi2218
    @hadimehdi2218 2 года назад +67

    Short answer: to make them do the dirty work no one wants to make

    • @lotto5742
      @lotto5742 2 года назад +2

      Somebody has to do them. 🤷‍♂️

  • @Mo-hc9lc
    @Mo-hc9lc 2 года назад +61

    Lol im from uk and every1 was saying how the immigranst polish to be specific tool there jobs. I agreed with cuz more people less jobs go around so i understood the concept without being political. But i worked at a wearhouse as a summer job from uni half the people there or if not most were polish. It was weired cuz ive never seen so many polish people and don't know what neighbourd theyll all from so i was ohhh. Then got on my day working i noticed that it was always the polish did 3x as much work carrying and lifting things and moving boxes. 5ft small polish girls were doing twice as much work that 6ft men. It was always the british born people who complained and ended up quiting. I also heard from news that poles were racsit and hated muslims protestants and any1 who wasnt a white catholic so i was couutious to talk to them (im balck and muslim so i just kept quite) and got on my job get payed but these polish people were polite funny hardworking not a single shred of hatred in there hearts for any1 they treated me respectfuly which is what i was shocked by because tehy arnt the same polish portrayed in the media So i was very confused but the more i thought about it the more i relized that all the stuff ive geard about polish came from the news who like to stoke up race xneophobic sexist tension inorder to get some big climatic eveny and create radicals so they can continue the sweet business of making front page news. Easten European European polish are very welcome here in my opinion great people.
    Edit: sorry i judged yall 😊😅

    • @willengel2458
      @willengel2458 2 года назад +3

      all the Poles i met during my travels were outside of Poland.

    • @Mo-hc9lc
      @Mo-hc9lc 2 года назад +1

      @@willengel2458 yh i guess a lot r in uk

    • @pundlik9012
      @pundlik9012 2 года назад +1

      Its k

    • @ShawnJonesHellion
      @ShawnJonesHellion Год назад

      in usa they don't even hire people. they post hiring signs then just shut things down early. half the time stores used to be open they are closed an they are under/school educated staff employed by the few.
      they just want the empire capitol to die so they can rebuild it in another western stolen land an can cover their tracks so people like them more.
      . so they can do it all again for the 6th time

  • @chon3493
    @chon3493 2 года назад +64

    Because their citizens wont do dirty work anymore. Because they are pampered by the government too much.

    • @ibejibenson6065
      @ibejibenson6065 2 года назад +10

      you are just oversimplifying things, and it is not dirty work or pampered citizens, one cannot expect an educated workforce to do uneducated work, you would be paying a really high opportunity cost doing that, and there are much more factors that go into play. You just watched a 9-minute video that briefly tries to go through a complex topic and yet you come up with a conclusion so off.

    • @iceman18211
      @iceman18211 2 года назад +3

      @@ibejibenson6065 as an Immigrant I see that the vast majority of entrepreneurs or wanta-preneurs are immigrants, and so are the majority of the lowest paying jobs in the value chain. WIthout immigrants many rich countries would really be screwed.

    • @superfluous5162
      @superfluous5162 2 года назад +1

      65% migration in high skilled , sometimes lack of skill in country simple. I mean I am physicst and I prefer a country with great pay , and self time (own thesis) . This video is about labour but that ok . I know various top Institution of various country relie on student pass teaching .

  • @mugleruser
    @mugleruser 2 года назад +83

    Is this really a question? The answer is simple: a cheap labor force that is often exploited and whose rights are not protected. Companies get to hurdle workers unions and know the public won’t be invested in reports of the mistreatment of migrants. The public sees these workers as a threat to their employment. Companies skirts the blame and widens their profit margins.

    • @ahmedzakikhan7639
      @ahmedzakikhan7639 2 года назад +3

      I am sorry but I am going to be defensive. My country Bangladesh used to be one of the poorest nations in the world but thanks to remittance sent by migrant workers from Saudi and other gulf nations made our country a Middle Income nation today.

    • @bloodcarnage8285
      @bloodcarnage8285 2 года назад

      Who cares.. people should not work there if they think it's a scam. It's people s fault for agreeing to those conditions. No blame in blaming the company. It's supply and demand.

  • @roshenphilip2408
    @roshenphilip2408 2 года назад +23

    Every western country in most industries need India and China, let's make that clear, this video doesn't mention how complex it gets, Asians go there for a better pay and life but many Indians and Chinese are now rich because of it and have improved their standard of life in their own country too, so it benefits them and their country cause an Indian living abroad sends money to India, buys property and owns a car and lives well in India too cause of the money they save abroad, I'm sure it's the same for Chinese people, even if they don't go abroad those companies go to India or china because we work to live and mainly cause those rich countries can't afford to pay their people (not so rich after all) is one fact but the main fact is that they are not as skilled as Indians or Chinese people, it's a fact otherwise why else would a business want to set up it's back end office miles away in India or its manufacturing factory miles away in China, so the rich country are not rich enough to afford to pay their people and I have seen advertisements of many of these westen countries asking skilled Indians or Asians to go there cause they can't live with out Asians cause they need skilled cheap labour , even in UAE, Indians/Asians from building their roads to cleaning them to engineering them to owning restaurants and businesses, many have set up branches of their business even in India after their sucess abroad this is giving jobs back home, these migrants have helped western countries become more efficient and help build their economy, as mentioned in the video imagine if China or India didn't lose their assets, it would be a major lose to the higher income countries. The ones abroad from China and India have a plan, it's not random.

    • @kkk2.077
      @kkk2.077 2 года назад +4

      5 of the top 10 richest people in UAE are indians . They find it a good destination to live and escape tax laws of their home country.

    • @MrMannyhw
      @MrMannyhw 2 года назад

      Time to tax that money too.

    • @12akul
      @12akul 2 года назад +1

      From what I understand most people go to USA to settle there. They send money home only to take care of their families. If they want to invest I think it would make more sense to invest in USA itself if you're sure you won't get deported.

    • @roshenphilip2408
      @roshenphilip2408 2 года назад +1

      Can't say most, it depends A can driver in US sends money home so that his family survives, an engineer or a doctor abroad will never come from that background that needs to send money to take care of their families, their families will be pretty well off to do basic things, the one that lived in absolute poverty sold property to go to US or Dubai to do very low level jobs or cheap labour they are the ones that send money back home so that the rest of their family survives, so it depends on what you are doing say in UAE,are you some one who works as a waiter or are you an educated upper middle class indian who runs a chain of hotels, believe me both the kinds exist..it all boils down to the family you are born in, or the opportunites you got.

    • @humblewiz4953
      @humblewiz4953 2 года назад

      @@roshenphilip2408 നീ മലയാളി അല്ലെ

  • @ankeshkatoch6591
    @ankeshkatoch6591 2 года назад +22

    Mr. Sri speaks with great clarity and has some valid suggestions!

  • @1lyxbollyvykn714
    @1lyxbollyvykn714 2 года назад +42

    some people in the developed world think they're doing right when accepting these people but in the end you're hurting more poor countries because young people migrate and stop working in their local economies. I don't want my people go to the US I want them to stay in my country to build because not all young people like me will have that privilege to migrate. Then I want things to improve in my country but if there're no people willing to work in the end we lose and the developed world unfortunately wins.

    • @linhschannel2378
      @linhschannel2378 2 года назад

      Don't worry. They'll send money back home, at least for the Asians.

    • @LoneWolf-tk9em
      @LoneWolf-tk9em 2 года назад +6

      It is the fault of the host country, that the people are leaving it, not the developed country that gives them the opportunity they wanted. After all, I got only one life, why wouldn't I want a better quality of life for myself & my family ✌🏼

    • @ermo-0983
      @ermo-0983 2 года назад

      Host country has a lot of problem; war, famine, and over population by 1 family who has 10 children

    • @noeminoemi1350
      @noeminoemi1350 2 года назад +2

      that is called brain drain.

    • @user-sz7zj2we5k
      @user-sz7zj2we5k 2 года назад +1

      In case of South Korea, our economy miracle came from that works like my father.
      He worked Saudi as construction woker. He even went elementary school!
      But now our family has good life becuase of his sacrifice.
      The important thing is Imigrant wokers should go back motherland!

  • @matiyak4571
    @matiyak4571 2 года назад +58

    Its not just qatar that abuses workers the eastern europeans working in germany often get scammed by the agency's that hire them and even though most germans speak english they will make your life as difficult as possible if you don't speak german so most of europeans who speak their own language and english have to spend years learning a third language just to be able to find a normal job where they won't be scammed. and the shifting work scedualing from the agencies and even sometimes relocations from one place to other makes it impossible to join language course.

    • @farhan3296
      @farhan3296 2 года назад +4

      a German wanting to communicate in German in Germany isn't an exaggeration or a big ask (regardless of whether he or she knows English), and i am saying this as an immigrant myself.

    • @matiyak4571
      @matiyak4571 2 года назад +18

      @@farhan3296 germany is desperate for migrants. There are german agencies running ads and recruting in eastern european countries saying there is no need to speak german. that bring migrants to germany and then house them in middle of nowhere and give them no control over their work schedule whit every day different hours and sometimes starting times then in the end they get over the minimum wage by not reporting correct number of work hours and overtimes and they hope migrants don't notice.And if they do there is no one they can go to. I am not talking about high skill jobs I'm talking about farmers, meat processing workers and warehouse workers. There have been plenty reports on this and government knows about it but doesn't want to do anything to reign in this agencies or just ban them. having your basic worker rights protected even if you don't speak german is not too much to ask.

    • @FrangoTraidor
      @FrangoTraidor 2 года назад +3

      @@matiyak4571 germany is desperate for migrants. sure. and islam supports homosexualism

    • @fleurdepapaye9635
      @fleurdepapaye9635 2 года назад

      @@FrangoTraidor who will harvest their asparagus...??? Of course migrant workers

  • @abanerjee5066
    @abanerjee5066 2 года назад +18

    Western countries need a lot of people whether that be refugees, migrants or some sort of other. The western economy thrives on cheap market labour or outsourcing as you would call it. So it is beneficial right now for the western countries to take in people and make good use of them as they are not a burden but an useful resource.

    • @copypastebot2052
      @copypastebot2052 2 года назад +1

      Middle East's 90% workforce is foreign it's higher than any western country

    • @abanerjee5066
      @abanerjee5066 2 года назад +1

      @@copypastebot2052 So????

    • @vinodkumar-jz5uf
      @vinodkumar-jz5uf 2 года назад +1

      Cheap labour is used in Arab countries not western countries

    • @abanerjee5066
      @abanerjee5066 2 года назад +1

      @@vinodkumar-jz5uf Yes but the western economy also thrives on cheap labour or else we wouldn't see big MNC's like Nike, Adidas, FILA, Apple, Tesla, Microsoft, Ford etc outsourcing cheap labour to developing countries.

  • @edmond5713
    @edmond5713 2 года назад +16

    People go to where can pay for their living, pay them well, and they enjoy their lives if they may choose. It is reality.

  • @Connor_Roush
    @Connor_Roush 2 года назад +12

    How about rich countries make their population growth sustainable, that way it can have a better workforce.

    • @ShawnJonesHellion
      @ShawnJonesHellion Год назад

      the empire has to cash out its lands as the world closes in on it every few hundred years. usa like uk was were disposable nations used to hide templar wars an looting of nations.
      the servants of the nation did thr dirty work an got their dues but a small clique escapes an already has plans to rebuild in other lands they stole during their highlife years.
      they even wrote this game plan out where they are going to once they cash usa out 2000 years ago

  • @TomNook.
    @TomNook. 2 года назад +3

    I always love that drag from the top she does at the start, its so silly 🤣

  • @michaeljunior1445
    @michaeljunior1445 2 года назад +6

    Filipinos are the citizens of the world. We are everywhere for different reasons but of course mainly for economics.

  • @kevnev342
    @kevnev342 2 года назад +10

    cheap labour means they can cut costs and making higher profits

  • @neelroy2918
    @neelroy2918 2 года назад +10

    They need few episodes of 45 minutes if they really want to get anywhere about this topic.

  • @kageyamareijikun
    @kageyamareijikun 2 года назад +17

    Japan says "no thank you" *bows politely*

    • @tiffanying8644
      @tiffanying8644 2 года назад +1

      They do take in workers especially from china/vietnam. But they dont call them migrant workers. Japan call them 技能実習生(technical skilled workers).

    • @neelanj6375
      @neelanj6375 2 года назад

      Sooner or later, they will.

  • @patartimotiustambunan1946
    @patartimotiustambunan1946 2 года назад +22

    when your country runs by rich people who only want profit, not see a patrioism important, then its a logical thought for them to replace your citizen to immigrant

    • @ShawnJonesHellion
      @ShawnJonesHellion Год назад

      technically it benefits you in a small way to include the nations you err the 6 old men in wheelchairs who control the world; invaded. because they now will kill other nations for you an you are "diverse" an "accepting"
      if you looked like the same 2 races an occupied 50% the globe someone might catch on

  • @luckyjayakody
    @luckyjayakody 2 года назад +4

    Why?? Because 1) Cheap labor 2) To do dirty, stinking & hard work which their citizens are not willing to do, yet vital for the day to day operations of the country

  • @itsweaponX
    @itsweaponX 2 года назад

    Excellent video! Thank u cnbc

  • @FacingWorld07
    @FacingWorld07 2 года назад +17

    Britain is a perfect example and prove migrant is needed.

    • @nektorh8991
      @nektorh8991 2 года назад +5

      Britain is a perfect example of how a nation dies slowly and silently.

  • @ernestharrison8532
    @ernestharrison8532 2 года назад +127

    I have been making losses trading myself.... I thought trading on demo account is just like trading the real market... Can anyone help me out or at least advice me on what to do?

  • @ANonymous-vu5zn
    @ANonymous-vu5zn 2 года назад +4

    “Because they are cheap”
    Here is the answer to save 9 minutes of your time

  • @reconchris3855
    @reconchris3855 Год назад

    great info

  • @sanghoonlee5171
    @sanghoonlee5171 2 года назад +8

    A country should welcome migrants who are (1) skilled enough to contribute to economy, (2) respectful to the host nation's culture, and (3) legally registered. A mass influx of immigrants who lack any of these 3 qualities is just asking for chaos and irreversible damage to that country's identity.

    • @plokijuh5830
      @plokijuh5830 2 года назад

      Yes, and the rate of unemployment in some immigrant populations is very high, leading them to be a net fiscal strain on the economy. For example, the unemployment rate of non-European migrants in France is above 33%, and this is not counting illegal immigration.

  • @forgotten1s
    @forgotten1s 2 года назад +3

    Imma let u know right now
    MORE SOUND EFFECTS tbat dont ADD to the piece dont help

  • @Dendarang
    @Dendarang 2 года назад +2

    Rich countries are dependant on migrant workers because real middle class incomes in the west stopped growing in the 1970s and migrant workers that work for less than the minimum wage are an artificial way of keeping prices of key goods and services low. Without them those prices would rise and the middle class purchasing power would be in the toilet, which is still more appealing to the upper class than giving middle class a larger share of the massively expanded economic pie. Between 1980 and 2020 US GDP grew by over 10x, that's over 1,000% GDP growth in 40 years, but the middle class saw practically none of those gains as 99.9999% of those gains went solely to the upper class. As a result there are 20 trillion dollars of new wealth in the economy but the middle class purchasing power is unchanged from what it was in 1973.

  • @sreeks7304
    @sreeks7304 2 года назад +7

    Just one word Exploitation.

  • @hillsilk5
    @hillsilk5 2 года назад +8

    What they need is investment on their country where migrants came from.

  • @patartimotiustambunan1946
    @patartimotiustambunan1946 2 года назад +5

    cheap labour, if your rich people running your country and see your citizen is so expensive, they need to replace its own citizen so they can still become a rich one.

  • @happyface96
    @happyface96 2 года назад +2

    This video is mostly about why labors from poor countries leave home rather than why rich countries need to import cheap llabor. If anything it's only Singapore reassuring themselves that it's ok to hire cheap labor and even abuse their rights like they already have.

  • @salvinalim926
    @salvinalim926 2 года назад +4

    Because you need a group of people to exploit to be rich.

  • @multidimensional_holographer
    @multidimensional_holographer 2 года назад +3

    they need foreign workers from poor countries to stabilize salaries in the work force, it's simple supply and demand

  • @alparslankorkmaz2964
    @alparslankorkmaz2964 2 года назад +1

    Nice video.

  • @Dr.Lakshit_ahari
    @Dr.Lakshit_ahari 2 года назад +5

    Wrong title :- You are telling us why people migrate which we already know.
    You should tell us. Why rich country are dependent on them as your title suggests.

  • @ericeandco
    @ericeandco 2 года назад +2

    It’s because responsible adults in “rich” countries are not having children. They can’t afford a family. It’s been that way for a long while. You also have do define rich. Is the country rich or are a privileged few rich?

  • @XOPOIIIO
    @XOPOIIIO 2 года назад +8

    Something that is cheap and in abundance could not be treated as a valuable asset.

  • @praveenkumarvelraj8416
    @praveenkumarvelraj8416 2 года назад +1

    Needless to say, not only rich countries for this matter, rich state with in the country, rich city, village with in the state dependent on the migrant workers. Workers movement in globalised economy is always driven by demand and supply for any given location.

  • @shuaiw
    @shuaiw 2 года назад +1

    oh wow, i just realised that by definition i am a migrant worker. :-)

  • @cleric8543
    @cleric8543 2 года назад +1

    Indians, i meant india, Pakistan,Bangladesh, sri lanka, Nepal in another word south Asia represent migrants workers.

  • @90taetaeya
    @90taetaeya 2 года назад +1

    06:39. Omg the dorms are so dirty 😨

  • @andypratama100
    @andypratama100 2 года назад +2

    I want to move out from my country cause my country so much restricted, in so much area which i want to learn and grown for.

  • @DefaultName-dp4cu
    @DefaultName-dp4cu 2 года назад +7

    People are not robots, do not only consider the labor. Think also about the social issues that follow immigration. When you bring migrants to a nation consider also social and cultural compatibility. For example, immigrants from Latin America will be a better fit in Spain, France or Italy rather than Muslim migrants from North Africa. Immigrants from poor Islamic countries can only fit in other richer muslim countries , such as Turkey or Saudi Arabia. Religion , wether we like or not , is very important social factor. Therefore, Muslims immigration should directed to other Muslim countries and non Muslims to non Muslim countries.

  • @TinTin-pq8ih
    @TinTin-pq8ih 2 года назад +3

    Why rich countries can't make robots,machines instead of manpower?

    • @idontusecryptocurrency5870
      @idontusecryptocurrency5870 2 года назад

      Then people who r low skilled workers in rich countries will lose jobs,not everyone can become a good lawyer,manager doctor or engineer.And btw its not efficient we aren't developed enough

    • @lordanonimmo7699
      @lordanonimmo7699 2 года назад

      Because there's not technology enough to make it viable,a fully automated factory many timed is leds efficient than one with more work done by humans.

  • @MiracleKY
    @MiracleKY 2 года назад

    I don't know. I am so focused on his suit. Everything is so nice, not the tie.

  • @AI_ART_LIBRARY
    @AI_ART_LIBRARY 2 года назад

    114 million? Maybe only the legal ones and many of those will compete with the citizens for the good paying jobs.

  • @gearzone2611
    @gearzone2611 2 года назад +1

    No cheap labor folks. It's just the countries need a highly skilled foreign workers because not many highly skilled workers graduating in developed world due to expensive and high cost of government benefits. While foreign workers are accommodated by a companies through contract deals and packages. It is also a golden ticket by a foreign workers. But do not assume all foreign workers like working in a foreign land, they do that to leave the poverty stricken country they come from start. Once enough capital, then they go back and start their own business or retire early.

  • @blancavelasquez9859
    @blancavelasquez9859 2 года назад +2

    we need an immigration moratorium in the US!

  • @shyamchabra5355
    @shyamchabra5355 2 года назад +1

    I live in Australia. I have lived here all my life and the country is divided into two Australia's. The indigenous anglo saxon Australians will never do the jobs that are reserved for immigrants. Cleaning, hospitality, aged care and numerous menial tasks are the stronghold of migrant workers. Within 25 years, Australia will be a third world nation. It is greed by the employer class that has generated this result.

    • @sanjitbolina7481
      @sanjitbolina7481 2 года назад +4

      I thought the aboriginals were “indigenous” to Australia! or whatever they called that southern extremity. Never realised Australians of British extraction were “indigenous” to Australia. The aboriginals must of indeed been happy to see one of their long lost brethren James Cook shake hands with his fellow indigenous and soon to be rebranded as “Australians”

  • @LaowaiDaveJCP
    @LaowaiDaveJCP 2 года назад

    CNBC: our topic is about migrant workers
    CNBC: let's cast a yellow host & a brown guest

  • @michaelgamas2399
    @michaelgamas2399 2 года назад

    it is important at present but when automation can do more low level jobs, it will shift.

  • @rj12783
    @rj12783 2 года назад

    workforce population does not meet the demand for human resource

  • @danielkudo4800
    @danielkudo4800 2 года назад

    They calling Qatar for migrant worker injustice, but Singapore itself is not saint either

  • @s9ka972
    @s9ka972 2 года назад +1

    *To* *All* : We South Asians ( India/ Pakistan/ Bangladesh , Nepal & Srilanka ) comes from highly populated regions and often the most honest migrant workers ( skilled/ unskilled)a host country can get . We are not asylum seekers like African. We ll go back yo our country at one point in life time. Still if we are being misused / cheated how come we or our home country needed to be blamed . We support your economy with little benefit for us.

  • @ermo-0983
    @ermo-0983 2 года назад +2

    Philippines is rich country but we have more bigger problem that called "family planing" more common in philippines family has 4 to 7 children who has low income cause there is no entertainment that they make more child cause of love but not think there children to be loved "since1980"

    • @debasishsahoo3446
      @debasishsahoo3446 2 года назад

      Haha lol.. For this problem indian population is 1.3 billion.. Our ancester produce 6, 7 ,8 children.. But after 1990s this problem is solved.. Now days People make average 2 children here.. Also govt took much step to stop this through family plan, distribution of condom, public awarness...

  • @dksharron
    @dksharron 2 года назад +1

    No, we don't.

  • @FeelX87
    @FeelX87 2 года назад +2

    I want his Tie

  • @himanshusirohi2403
    @himanshusirohi2403 2 года назад

    People usually consider Migrant and Refugee as same.

  • @zaidzarani5643
    @zaidzarani5643 2 года назад +1

    I hope malaysia use more robotic,

  • @luckyluke1503
    @luckyluke1503 2 года назад +1

    I think Countries like Germany,Japon,Canada… need migrants but It’s not easy for migrants to adapt. Especially in Japon and Germany.

    • @werren894
      @werren894 2 года назад

      what do you mean japon?

    • @luckyluke1503
      @luckyluke1503 2 года назад

      @@werren894 I meant Japan.

    • @werren894
      @werren894 2 года назад +1

      @@luckyluke1503 japan never need migrants most migrants are expecting japan to be democratic country or someshit, they are not part of the EU they are not even republic, most of the migration is by American & Brazil, Japan doesn't want to be rich or anything since the first place they are ethnocentric ppl, they work by themselves for themselves if you work for them then you got your own benefit not them and they don't like consuming non-jp ppl hard work unless, through proper ethic, they are monarchy and the socialism work for their own ppl like a swede.

  • @nightmare5614
    @nightmare5614 2 года назад +4

    It's just saddening to see that my country's population is still growing.

    • @iceman18211
      @iceman18211 2 года назад +5

      If you're countery's population isn't growing then your country is dying. So be careful what you wish for.

    • @nightmare5614
      @nightmare5614 2 года назад

      @@iceman18211 Dude my people suffer malnutrition and mass poverty but is also the fastest growing economy in this fiscal year.

    • @iceman18211
      @iceman18211 2 года назад +2

      @@nightmare5614 Give it a few decades. Growth conquers all. Don't wish for the population to stop growing, hope it grows at about 3% per year.

    • @nightmare5614
      @nightmare5614 2 года назад +2

      @@iceman18211 Yeah we just gotta utilize our demographic dividend

    • @fofofofo3076
      @fofofofo3076 2 года назад

      @@nightmare5614 France ? À lot of immigrants from africa

  • @leavandenbosch9090
    @leavandenbosch9090 2 года назад +2

    I know for my country, Belgium, to sustain the social security system we need foreign blue colour workforce, we
    should be grateful and respectful towards them but it should be regulated on a legal basis. What can we do with
    refugee shepherds from Afghanistan who can't read nor write, how can they learn our language without knowledge of their own basic grammar. We don't have flocks of sheep to herd, Perhaps we can use them to chase the wolves and the wild boars to save our cattle and landscape designed gardens from uprooting

  • @sumitchaurasia7676
    @sumitchaurasia7676 2 года назад +5

    Diffence in the countries' currencies value is the main reason for migration of labor.

    • @andrijavasiljevic
      @andrijavasiljevic 2 года назад

      If you ever opened an Economics book you would know better

    • @XOPOIIIO
      @XOPOIIIO 2 года назад

      What on Earth does that mean?

    • @andrijavasiljevic
      @andrijavasiljevic 2 года назад

      @@XOPOIIIO it means that the difference in countries currencies values is not the main reason for immigration. I mean Kuwait has the strongest currency but it’s not the richest country, and Switzerland has a currency just a bit less powerful than the dollar

  • @PIANOPHUNGUY
    @PIANOPHUNGUY 2 года назад

    Migrant workers work mostly for uber and lyft and in fast food or house cleaning

  • @oOhydroOo
    @oOhydroOo 2 года назад +19

    Yes, "Migrant" not "illegal imigrant"

    • @ekananda9591
      @ekananda9591 2 года назад +3

      You miss the points here

    • @iceman18211
      @iceman18211 2 года назад +1

      I'll take any able bodied human as long as I can get a cheap uber/take out.

    • @tobiisiba1641
      @tobiisiba1641 2 года назад

      @@ekananda9591 no he/she didn't,

  • @lokeshwaranvr
    @lokeshwaranvr 2 года назад +3

    Saudi Arabia, UAE, Oman, Kuwait, Qatar, Bahrain and Singapore belike: Citizens population: 25% and Migrants population: 75%

  • @greebfewatani
    @greebfewatani 2 года назад +2

    The issue with migrants is related to who have the call about matters in the country.
    In the case of the west, it is the capitalist elite. The love cheap labor and they maintain the salary of local population low as they compete with cheap labor coming from abroad with no rights to change jobs in many cases.
    Many people attack western people for hating the immigrants while benefiting from them, this is wrong argument as the big sector of people who complain are the workers who lost their job or salaries and their bargaining power because if this policy.

  • @user-sl9wc2bd6l
    @user-sl9wc2bd6l 2 года назад +1

    Tricia Takanawa In real life

  • @hamzaabbas7150
    @hamzaabbas7150 2 года назад

    I can understand

  • @LoveJoyChannel
    @LoveJoyChannel 2 года назад

    In Taiwan migrant workers of homebase caregiver only have 17 thousand NT dollars per month while if they employed their own citizen they need to pay 2,500 NT dollars per day, so 2,500 x 30 days is 75,000 NT dollars. simple answers of this content HIRING migrant workers is cheap. 4x cheaper

  • @bandarabulathsinhala6993
    @bandarabulathsinhala6993 2 года назад +1

    More importantly almost all migrants who have taken the official route are legitimate tax payers in most of the developed countries which they need for the developed countries to reinject into their own welfare and to pay pensions and look after the elderly population. That is why most of the develop countries encourage skilled and semi skilled migrants more now as the systems will carry all information on them than their own natives

  • @jukio02
    @jukio02 2 года назад +4

    It just shows how unbalanced rich countries are if they can manage being rich and have a society where everything functions the right way. Their solutions to their problems is to bring in workers, which is more like patching up roads that keep getting cracks, instead of just redoing the whole damn road.

    • @amobilway1032
      @amobilway1032 2 года назад

      So what the hell do you want then to do instead? There's not really any others humane or ethical solutions

    • @iceman18211
      @iceman18211 2 года назад

      So you're saying rich countries should automate everything and deport all the poor people? Because that's the only other realistic solution.

    • @amobilway1032
      @amobilway1032 2 года назад +1

      Are you saying they should kill old and disabled people instead?

  • @adityashankert
    @adityashankert 2 года назад

    Just curious why this migrant worker video when many foreign workers are leaving sg 🤣

  • @louiswang498
    @louiswang498 2 года назад

    not really a great video, didnt distinguish between the high income migrant expats (which falls under the given definition in the video), not citizen of the country and works in country that they don’t hold citizenship

  • @internetconcertoindminor474
    @internetconcertoindminor474 2 года назад

    its only make up around 5% of total workers tho

  • @Tomren44
    @Tomren44 2 года назад +3

    They are dependent on SKILLED migrant workers, not freeloaders.

  • @Cray-wilder
    @Cray-wilder 2 года назад

    How ireland is always ignored because it got independence from the uk. And is so successful.

  • @danwickramasinghe4744
    @danwickramasinghe4744 2 года назад +3

    Canada needs to take a look at this video.

  • @BhangRonBooks
    @BhangRonBooks 2 года назад

    beneficial for the US and Europe which can print Money. What about the others who can't print money? It makes matter worse!

  • @nstl440
    @nstl440 2 года назад

    Cheap labor benefits companies. Not the native people.

  • @rrajan5476
    @rrajan5476 2 года назад

    Decently produced

  • @hourbee5535
    @hourbee5535 2 года назад +1

    We have to make sure incomes for the people already here do not rise and so bring in the immigrants to work for cheap.

    • @iceman18211
      @iceman18211 2 года назад +1

      Agreed, we need to stop raising the minimum wage.

    • @loualex6925
      @loualex6925 2 года назад

      @@iceman18211 SG has no minimum wage

    • @iceman18211
      @iceman18211 2 года назад

      @@loualex6925 What's SG?

    • @thereckon3592
      @thereckon3592 2 года назад

      @@iceman18211 South Gorea

    • @robinwilliam8494
      @robinwilliam8494 2 года назад

      @@thereckon3592 f

  • @Cray-wilder
    @Cray-wilder 2 года назад

    Indian workers should work for their country.

  • @damirturakbayev5215
    @damirturakbayev5215 2 года назад

    Because rich countries do not want to give birth to more than 1 or 2 children. But in poor countries people despite living in bad conditions have many children. So it is logical that those children will move to prosperous countries when they grow up. People when they get comfortable life they become selfish, their ego is more important. But poor people do not have such things so they will dominate in the future.

  • @skaterprofessional
    @skaterprofessional 2 года назад

    Looks like during Brexit voting they forgot to take in count that little detail.... XD

  • @wgsreddy9949
    @wgsreddy9949 2 года назад

    To end everything everyone themselves...in a better way with reason .

  • @coldcoffee4879
    @coldcoffee4879 2 года назад

    They want win-win situation

  • @shahzadazulfiqar1
    @shahzadazulfiqar1 2 года назад

    Migration Could Be The Blessing For Emigrants But Still Has ViceVersa Too.

  • @steplu2916
    @steplu2916 2 года назад +1

    Brain drain vs overseas remittances.

  • @Phlegethon
    @Phlegethon 2 года назад

    Why? I dunno call a Uber and see why

  • @accer3001
    @accer3001 2 года назад

    Expatriates are also migrant workers