Summary
Portugal and other Southern European nations are struggling with a “brain drain” as young professionals migrate to wealthier EU countries for better pay and career prospects.
To counter this, Portugal plans tax breaks and housing incentives for under-35s, though many doubt these measures will be enough.
The talent exodus threatens tax revenue and labor markets, heightening Europe’s economic challenges amid population decline and low productivity.
Similar efforts in countries like Italy have seen limited success, as young workers continue to seek stability abroad despite incentives.
Best of both world is to work remote for those northern companies while having lower cost of living down south where the darkness of midwinter doesn’t hit as hard.
I work for a company that had offices in Russia and has relocated many of those workers to Spain.
I have considered doing that. I work remote in America and would love an opportunity like that.