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This will last at most only 5-10 years more [1]. Poland, Romania, Bulgaria, Italy, Spain and Greece are brain-drained to the bone already. There is noone to com

This will last at most only 5-10 years more [1]. Poland, Romania, Bulgaria, Italy, Spain and Greece are brain-drained to the bone already. There is noone to come over. [1] https://www.populationpyramid.net/germany/2020/ https://www.populationpyramid.net/germany/2020/

ido 6y ago
I've worked at tech companies since we moved here in 2013 and at least for developers most of the "imported talent" were from non-EU former Soviet countries (Russia, Ukraine, etc), India or Latin America.
iamlucaswolf 6y ago
This might be a fair assumption from a birth statistics viewpoint, but completely misses immigration. I met a lot of brilliant people from all over the world during my undergrad at TU Munich; many of them stayed. Google, Apple, Microsoft have expanded rather aggressively over the past years, and the startup scene is growing. Berlin, Hamburg, Frankfurt seem to follow suit. Granted, it's much less likely (and also less politically incentivized) to become a "millionaire employee", but I guess ultimately, the correlation between wealth and wellbeing is simply weaker in (northern) European economies? As long as immigration policies don't change (and why would they? the current model aligns well with lobby incentives), I don't see much reason for this to change. Also, Poland, Romania, Bulgaria, Spain, and Greece have a different political and economic history than Germany, France, Denmark, Sweden, etc.
luch 6y ago
Holy shit, I knew from anecdotal evidences that young people from Spain and Italy were "fleeing" their country but the demographics are frankly scary ! I don't know how what the retirement scheme is implemented over there, but if it is generational (young gens pays for older gens) they willy have a BIG problem in 15/20 years ...
- durnygbur 6y ago
  The population pyramids of Germany, Spain, Italy are interestingly similar while the economies of the latter two are in deep problems. Retirement age in Germany is 67, wait for it. Putting aside the tabloid hysteria I dare to presume that this was one of the main reasons of Brexit. The entire Europe will hiccup.
eeZah7Ux 6y ago
This is huge exaggeration and generalization. Some parts of EU are doing very well economically and have very quality of life. Cherry-picking specific countries does not represent the totality.

ido 6y ago

I've worked at tech companies since we moved here in 2013 and at least for developers most of the "imported talent" were from non-EU former Soviet countries (Russia, Ukraine, etc), India or Latin America.

iamlucaswolf 6y ago

This might be a fair assumption from a birth statistics viewpoint, but completely misses immigration. I met a lot of brilliant people from all over the world during my undergrad at TU Munich; many of them stayed. Google, Apple, Microsoft have expanded rather aggressively over the past years, and the startup scene is growing. Berlin, Hamburg, Frankfurt seem to follow suit. Granted, it's much less likely (and also less politically incentivized) to become a "millionaire employee", but I guess ultimately, the correlation between wealth and wellbeing is simply weaker in (northern) European economies? As long as immigration policies don't change (and why would they? the current model aligns well with lobby incentives), I don't see much reason for this to change. Also, Poland, Romania, Bulgaria, Spain, and Greece have a different political and economic history than Germany, France, Denmark, Sweden, etc.

luch 6y ago

Holy shit, I knew from anecdotal evidences that young people from Spain and Italy were "fleeing" their country but the demographics are frankly scary ! I don't know how what the retirement scheme is implemented over there, but if it is generational (young gens pays for older gens) they willy have a BIG problem in 15/20 years ...

durnygbur 6y ago
The population pyramids of Germany, Spain, Italy are interestingly similar while the economies of the latter two are in deep problems. Retirement age in Germany is 67, wait for it. Putting aside the tabloid hysteria I dare to presume that this was one of the main reasons of Brexit. The entire Europe will hiccup.

eeZah7Ux 6y ago

This is huge exaggeration and generalization. Some parts of EU are doing very well economically and have very quality of life. Cherry-picking specific countries does not represent the totality.