Brain drain: Explosive increase – One in 10 households said goodbye to a member
A recent report reveals that 10.9% of households in Greece have had at least one member migrate abroad for work in the past five years, highlighting the country's ongoing brain drain problem.
A recent survey conducted by the Institute of Small Enterprises (IME) shows that a staggering 10.9% of households in Greece have lost at least one member to migration for work abroad in the last five years. This statistic points to a significant brain drain affecting the country, which has been further exacerbated by economic challenges that push people to seek better opportunities overseas. The report speaks to the urgency of addressing the circumstances that lead to such high emigration rates.
Additionally, the survey indicates a more alarming trend: the actual loss of human capital is likely much higher when considering the migration of entire households. While some households have reported hosting returning members, only about 6.6% indicated that someone returned to work in Greece over the same period. This stark contrast underlines the difficulties faced by the Greek economy in retaining its workforce and the need for policies that encourage both retention and repatriation of skilled labor.
The implications of this brain drain are significant, not just for individual families, but for the Greek economy as a whole. The recent national population census further corroborates these findings, showing a frightening decline in population numbers, which can hamper economic growth and sustainability. As the trend persists, it highlights the crucial need for strategic interventions to attract and retain talent within Greece, ensuring a robust workforce for the future.