Final answer:
In the long-run, according to the Heckscher-Ohlin model, migration tends to favor capital-owners who benefit from capital mobility and can therefore gain from the increased supply of labor, while workers, particularly low-skill workers, may face wage competition and potentially lower wages.
Step-by-step explanation:
According to the Heckscher-Ohlin model, the long-run effect of migration typically tends to favor capital-owners over workers. In the context of migration and its economic consequences, capital mobility and financial integration can result in gains for those with mobile assets, such as investors. However, for workers, particularly those with lower skills, the result may be different. Larger numbers of low-skill immigrants can lead to increased competition for jobs in this segment of the labor market, thus potentially depressing wages. Over time, while the overall economy might gain from immigration due to increased production and consumption, these gains are often relatively small. Moreover, the impact on specific sectors might result in slightly lower wages for domestic low-skill workers, which relates to the distribution of the gains and losses between capital-owners and workers.