The U.K. Will Miss Its Low-Skilled Immigrants

With Brexit, many immigrants from the European Union and elsewhere may have to leave. Britain's economy will suffer.

Be careful what you wish for.

Photographer: Christopher Furlong/Getty Images

Once the U.K. exits the European Union, about 590,000 people who live there now -- citizens of other EU countries -- will no longer be eligible to stay. Most likely, the majority of those who go will be relatively low-skilled workers. Bankers and software developers probably will find a way to remain, as they are in demand. The preference for high-skilled immigrants over low-skilled ones is not entirely rational, however, and its practical application may have unintended consequences.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.