Part 6/10:
In terms of labor, Europe faces an uphill battle. While the continent has experienced growth in labor force participation, this is often driven by older individuals needing to work longer to support themselves. Furthermore, Europe has been dealing with a significant brain drain, as a substantial number of highly educated individuals depart for more lucrative opportunities in the USA and London.
The situation is further complicated by the reality that although the EU has a higher labor force participation rate compared to the US, unemployment remains a persistent issue, especially in certain member states.