Italy is experiencing a serious graduate brain drain. Over the past decade, nearly 100K 25-34-year-old Italian graduates have left the country. In 2023 alone, a record 21K emigrated, nearly double the number from the previous year. A chronic shortage of job opportunities and non-competitive wages, particularly in the southern regions, is leading many young degree holders to go overseas to start their career instead. Italy’s youth unemployment rate is among the highest in the European Union, and the financial impact of losing highly qualified workers is substantial, costing Italy an estimated €134B between 2011 and 2023. In turn, the Italian government has rolled back tax incentives to lure young talents back to their home country. (The Local)
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