[nether]

That's true of tech startups. But think of startups that aim bigger. The South African who founded SpaceX would have struggled to amass his army of engineers in Europe. In the long run, these moon-shot innovations that are only possible with huge amounts of cheap talent might save humanity. The low-hanging fruit (first airplane, first rocket motor, first PC) that could be started in a garage by a few folks working in their off time is gone.

I like that we have both types of labor climates in the first world. High-risk, no safety-net and unshackled by regulation like in the US, but also a more cushy albeit less dynamic one in Europe.