nston, as countries compete to attract the best and brightest workers. Labor productivity in countries without an exhaustive labor supply will have to increase in order for these countries to avoid a slowdown in economic growth; such productivity can be increased through education and training programs.
The mobile work force demonstrates the most fundamental principles of supply and demand. Workers in Country A where wages are low now have the ability to relocate, at relatively low cost, to Country B where wages are higher. In economic terms, demand for workers in Country A (number of jobs) is lower than the supply (number of workers), so there is a labor surplus and prices (wages) are driven down. In Country B, demand outstrips su
...