A growing number of successful Germans are seriously considering leaving Germany. Germany now has the third highest emigration rate among the 38 leading industrialised nations, and three quarters of emigrants have a university degree, so more and more highly qualified people are leaving the country. (msn: 05.06.23).
Entrepreneurs at a turning point: frustration with politics and bureaucracy drives emigration thoughts
A significant number of entrepreneurs are seriously considering emigrating. Entrepreneurs are frustrated by political decisions, bureaucracy and absurd regulations that burden their everyday business life. German policy makers have introduced a measure called “Wegzugbesteuerung” to discourage emigration. This tax regime treats entrepreneurs who emigrate as if they had sold their business, and the “profit” made must be taxed.
Which population group is leaving Germany?
A considerable number of people in Germany decide to leave the country. Most emigrants are under 40 years old, professionally successful and have a university degree. According to a study, around 180,000 Germans move to another country every year and earn an average of 1,200 euros more per month there than in Germany.
Another factor that plays a role in the decision to emigrate, besides financial reasons, is political dissatisfaction and envy of successful people. According to an international study, envy of “rich people” is almost as strong in Germany as in France.
Alarming trend: German companies relocate abroad
The situation is also extremely problematic for companies. According to the German Association of the Automotive Industry (VDA), more than 20 per cent of its member companies are relocating abroad. Even the world’s largest chemical company, BASF, is choosing to move parts of its production to China (Blackout-News: 04.05.23). This decision is influenced, among other things, by the high bureaucracy, regulation and energy costs in Germany.
Sounding the alarm bell: Emigration of top talent threatens Germany’s economy and prosperity
The impact of the emigration of high-performing skilled workers. When companies and highly qualified workers increasingly leave the country, this has an impact on Germany’s economic performance and prosperity. A country cannot depend solely on gender researchers, gender equality officers and activists. The brain drain is a warning signal that should be taken seriously.
Germany is facing significant challenges due to the brain drain. It is of great importance to rethink political decisions and framework conditions in order to reverse this trend and secure the future of the country. Policymakers must take urgent action to retain highly skilled workers and companies in the country.
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