Countries Compete to Keep Skilled Young Workers
European Union nations are implementing tax benefits aimed at retaining young skilled workers, but experts doubt their effectiveness. Recent initiatives, such as Portugal's expanded IRS Jovem program, offer tax reductions for younger workers, yet many still seek better opportunities abroad due to higher salaries and professional prospects. The ongoing exodus highlights the challenges EU countries face in balancing tax incentives with competitive job markets.
- The focus on tax incentives alone may overlook the deeper issues of salary stagnation and career advancement opportunities that drive young professionals to leave their home countries.
- What alternative strategies could governments adopt to create an environment that encourages young talent to remain and thrive locally?