• How many jobs for local workers are lost due to migration? o Jobs lost:
• How much is total real income of local workers changed due to immigration? (Local worker wages multiplied by local worker numbers). o Locals’ income change
• Ignoring capital costs and demand-side changes, how much does total profit change because of immigration? o Profit change
• How much does total real income of all workers (migrant and local) change? Assume that migrants’ income would be zero if not here.
o Total income change
• How much does total social surplus change? (All worker income plus firm profits) o Social surplus change: