Labor migration impacts destination countries' wage rates based on demand elasticity, geographical differentials, and short-term effects on labor supply.
Wage rates in the destination country with labor migration are influenced by the elasticity of demand for labor in that country. For instance, if the elasticity of demand for labor is high, a small change in labor supply due to migration can lead to a significant change in wage rates.
The geographical differential in wages can also play a role, where areas with higher desirability result in a higher supply of labor and subsequently lower wages.
In the short run, an increase in labor supply due to immigration can lead to a decrease in the wage rate, benefiting employers but potentially causing losses for native workers.
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