Patrick Schwerdtfeger is a motivational speaker who can cover the topic of immigration and how it follows economic growth at your next business event. Contact us to check availability. The full transcript of the above video is included below.
Full Video Transcript:
Hi and welcome to another edition of Strategic Business Insights. Today we’re going to talk about immigration, why does it start and why does it stop? Here’s the deal: Immigration follows jobs. Immigration follows jobs. So any place where there are a lot of jobs, you’re going to get a lot of immigration. And what’s going to happen when those jobs start to disappear? The immigration’s going to slow down, and in many cases, it’s even going to reverse and people are going to go back home.
Now, this happened after World War II. We had a baby boom, which affected almost all of the developed world, I mean mostly Western Europe, United States and Canada. But let’s just say US and Europe had a baby boom, and so that caused a huge boom in economic activity basically when those people reached middle age, like 45 to 50. That’s when people spend the most amount of money in their lives. So 1982 to 2003, between those two dates, there was a booming economy in Western Europe and in the United States, and what happened? We got tons of immigration. In the United States we had lots of immigration come up north from Mexico, and in Europe there was a lot of immigration that came up from North Africa and also from Eastern European countries because the economies were building. They were looking for jobs. People are looking for money, and so people immigrate to those places to try and get those jobs.
So what’s happened in the last little while, the things have really started to slow down. Now, the US is actually still growing and a large part of that is because the population of the United States is also still growing, but that’s a different subject. But because the United States is still growing, we are still getting immigration, but it has slowed down already from what it was maybe 10 years ago. The immigration was higher. And in Europe, immigration is very much slowed down, and in fact there are places where it has already started to reverse because parts of Europe, particularly the Southern countries like Greece and so on and Italy and Spain, are really struggling. There are no jobs, and so people are going back home.
So any time in history you could always look around the world and see which economies are really booming, and you know you’re going to have immigration to those countries. Like right now a good example is the United Arab Emirates, which is on the Persian Gulf. Their economy is booming. They’re developing like crazy. Abu Dhabi, Doha, Doha’s in Qatar but Dubai, of course, that whole region is developing very, very quickly. So what’s happening? There is mass immigration. Tons of people are coming in to those countries. What are they doing there? Looking for jobs. People are coming from India, from Pakistan, from North Africa, from Europe. Lots of people are coming into those countries looking for opportunity and looking for money. And if we get to a point where those economies slow down, which maybe at some point they will, maybe when oil starts to go down, it’s still booming today but when it goes down in the future those economies will slow down and then we’ll see immigration slow down as well.
So this is just a short video to hopefully give you a bit more insight into what causes immigration and why we had so much immigration in the United States and Western Europe for the past 20 years or so, 25 years, and now things are slowing down a little bit. It’s interesting.
Thanks for watching this video. My name is Patrick, reminding you as always to think bigger about your business, think bigger about your life.
Patrick Schwerdtfeger is a keynote speaker who has spoken at business conferences in North America, South America, Europe, Africa, the Middle East and Asia.