Credit: Devex
Lant Pritchett, LaMP’s Co-Founder and Research Director, argued for reimagining labor mobility as a development strategy. Speaking at Devex Impact House during the World Bank and International Monetary Fund annual meetings, he highlighted the massive aging problem facing high-income countries and emphasized that facilitating migration to high-productivity settings can increase workers’ earnings fivefold—far exceeding traditional development interventions that might boost wages by only 10%. He called for orderly migration pathways and programs that help lower-income countries effectively recruit, prepare, and place workers, positioning labor mobility as one of the most powerful poverty reduction tools available.
Read the full Devex article here and watch the complete video here.