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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. |