PORTUGAL IS RAPIDLY LOSING ITS YOUNG PEOPLE. WILL THIS NEW SCHEME CONVINCE THEM TO STAY? | ADAM ALMEIDA
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✍️ The article discusses Portugal's brain drain issue, where young graduates are leaving the country due to lack of job opportunities and low wages, and the proposed policy to address this issue through a tax holiday for young people.
👉 Portugal's brain drain issue is a major concern, with 30% of young people born in the country now living and working abroad. 👉 The proposed policy is a progressive, multi-year tax holiday for those aged 18 to 35 on annual salaries of up to €28,000. 👉 Experts argue that the policy may not be effective in addressing the root causes of the brain drain, such as low wages and lack of job opportunities. 👉 Young Portuguese emigrants face challenges in finding work in Portugal, with many leaving the country due to lack of job opportunities and low wages.
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