Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

UK Points-Based Immigration and Its Effect on the Job Market

Personal_Finance / Employment Feb 08, 2020 - 03:42 PM GMT

By: Submissions

Personal_Finance

When the UK exits from the European Union (EU), freedom of movement ceases, and EU citizens will not be able to come in the UK to live, work or study under the existing immigration rules – and vice versa.

This means a new immigration system will be needed to enable those wanting to come and contribute to the UK to do so. As was proposed in Brexit debates and is still favoured today by the UK Government, a points-based immigration system is likely.


If the points-based immigration system becomes active, looking for a UK job on Jobrapido may mean fewer numbers to compete with. Still, it may also mean higher quality candidates resulting in fiercer competition.  

Why Does Australia Keep Getting a Mention?

Australia has become a reference point for politicians wanting to evidence an immigration model that the UK wants to replicate. However, it is not just Australians that use a points-based system to determine who should be allowed to come and work, and who shouldn’t. New Zealand and Canada also use a points-based system.

In a points-based system, the candidate is awarded points for meeting different criteria. In Australia, individuals are given near half the necessary points for being between the ages of 25 and 33. Level of English and education level can help the points tally up.

Yet, the deciding factor to get into Australia is the person's job offer. The job they are coming to do (which must be secured beforehand and not on arrival) needs to be on a skilled shortage list. Some posts never leave the listing such as nurses or rural farmhands, while other jobs feature some years and are removed in others.

The UK's planned points-based immigration system will be different from this as it will not award points for criteria such as age, and employers will have more control. The main principles debated during development is how much the person will need to earn a minimum. Some propose £30,000 while others argue for just over £25,000.

How Will This Effect the UK Job Market?

The exact effects of a UK points-based immigration system on the job market may not be entirely known. Yet, the introduction of such a system should align with the government’s aims of targeting high-skilled workers. One of the worries is that it will reduce the number of people searching for low-skilled or manual jobs, and this could affect related industries. Here are some more predictions:

·     Low-skilled UK nationals will enjoy reduced competition for jobs

·     High-skilled UK nationals will experience the same, if not higher, competition for jobs

·  Manual industries may experience a labour shortage, which gives power to workers and drives up wage demands
·     Job applications for low-skilled jobs will decrease

The knock-on effect of any repercussions of a points-based immigration system may then be seen in stocks and shares of companies relying on manual workers.

Mark Adan
Has been working with writing challenged clients for over 5 year. He provides writing, publishing guest blog post services. His articles have appeared in a number of e-zine sites, including ArticleBase EzineArticle HubPages and TRCB.

MarkAdanSEO@gmail.com

Copyright 2020 © Mark Adan - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in