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Question: Statement 1: Since Poland joined the European Union (EU) in 2004, over one million of its workforce have migrated to other countries in the EU. Statemen... show full transcript
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The migration of engineers from Poland to other countries is likely to lead to several significant impacts on the wage levels:
Supply of Labor Decreases: As many engineers leave Poland, the supply of labor in the engineering sector decreases. This puts upward pressure on wages as firms compete for fewer available workers.
Wage Rises: The decrease in the number of available engineers could lead to higher wage offers from firms looking to attract talent. As demand for engineers remains relatively stable, this scarcity can contribute to increased wage levels.
Shortage of Engineers: While firms may try to attract foreign talent, the emigration of local engineers creates a shortage, complicating recruitment efforts and further increasing wage offers to attract the qualified individuals necessary for engineering roles.
Economic Adjustments: Eventually, firms may adapt to these changes by altering their recruitment strategies or investing in training for new engineers. However, in the short term, higher wages are a direct result of the high demand coupled with a limited supply in Poland’s engineering labor market.
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