Spain's Brain Drain Is a Eurozone Problem
Even if it manages to pacify Catalonia's separatists, Spain's government faces a more insidious kind of separatism that diminishes the country's economic strength and potential for growth. Young Spanish engineers, and other professionals, are increasingly leaving home to find jobs elsewhere. Who can blame them when starting wages offered in Bavaria are twice as high as what they can earn in Spanish industry? They are part of a new kind of emigration -- that of educated and skilled workers moving from Europe's periphery to its core. The implications of this migration for the Spanish economy, and the euro zone, shouldn't be underestimated.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Trump-Russia Probe Is About to Get Uglier
- Trump Is a No-Show in the Fight Against Opioids
- Star Wars' Gross Galactic Product Problem
- An Expert's Guide to Navigating the World of Bitcoin
- The U.S. Has Way Too Many Secrets
- Trump Might Have Already Created Some Jobs
- The Tax Bill Is Bad for Homeowners, Good for Landlords