Why is emigration of skilled workers a double-edged factor for Caribbean businesses?

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Question

Why is emigration of skilled workers a double-edged factor for Caribbean businesses?

Accepted Answer

It removes capability while the remittances returned support consumer demand — Award 1 mark. The skills lost must be replaced by local training. It is a social factor with direct economic consequences.

Answer

It removes capability while the remittances returned support consumer demand

Answer

It widens the market while reducing exports

Answer

It reduces competition while raising input costs

Answer

It lowers wages while raising unemployment

One real Management of Business question.No signup. 30 seconds.

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