According to this study, every year, nearly 15,000 young graduates from French engineering and management schools choose to start their careers abroad. The main reasons? Low salaries due to high taxes, but also a perception of decline. Indeed, 70 percent of talented individuals believe that France is in decline, while 81 percent and 74 percent are concerned about the political and economic situations respectively. Other figures illustrate this trend: there are more French founders of unicorns (companies valued at over $1 billion) in the United States (46) than in France (around 22 as of 2024).
This trend is not unique to France. It can also be seen in Germany, where some young talents are moving to destinations offering better prospects, such as Switzerland. In the United Kingdom, well-known entrepreneurs have left the country, such as Revolut CEO Nikolay Storonsky, who recently transferred his tax residence to the United Arab Emirates.
This phenomenon is nothing new to the Old Continent. Throughout history, many Europeans have chosen to leave their countries in search of a better life where they and their families would be treated better, and where their property rights, freedom, and personal safety would be more secure....<<<Read More>>>...
