Migrants – The quest for a better life
The majority of migrants, a whopping 80%, embark on their journey to greener pastures in search of better opportunities in their chosen destination. These movements are often gradual, mirroring the shifts in economic and demographic trends.
Most migrants are fueled by the desire for higher wages and improved access to essential services. Some individuals also brave the journey in pursuit of personal safety, the rule of law, and the chance to revel in personal freedoms.
Astonishingly, in 2020, around 84% of migrants found themselves residing in countries with significantly higher incomes than their countries of origin.
However, it’s worth noting that migration levels are not solely dictated by the magnitude of welfare disparities. Instead, they are primarily influenced by the demands for specific skills in destination country labor markets, historical or geographic connections, and the costs associated with migration.