According to a report by the journalist group Lighthouse reports, 22.74% of migrants employed in Greece are overqualified for their jobs, which is second only to Italy.
Italy is the worst country in terms of over-qualification, where two-thirds of immigrants are over-qualified compared to 41.3% of natives, said Lighthouse.
Considering the labor shortages throughout Europe in a variety of sectors, the information is pertinent because it points to a need to create a pathway for the recognition of academic qualifications of migrants.
Additionally, it indicates that a host of other structural issues in the labor market must be rectified to enable migrants to flourish.
According to the European Commission, brain waste is the non-recognition of skills and qualifications acquired by migrants outside of the EU.
It impacts women more than men and, across Europe, 47.5% of college-educated immigrants are overqualified for their jobs compared to natives.
In order to calculate brain waste, Lighthouse reports considered the rate at which college-educated migrants are overqualified for their current jobs, are unemployed compared to college educated natives and are underemployed compared to natives with the same education.
Lighthouse reports says that the European economy could grow by 33.8 billion euros if the structural discrimination was rectified.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Islands and Piraeus Remain Cruise Hotspots Despite Earthquakes
A total of 918 cruise ship arrivals have already been scheduled for 2025, with 714 of them designating Piraeus as their home port
Athens Hotels See Strong Growth in Bookings and Prices
Hoteliers point out that this success is being achieved despite the competition from short-term rental services like Airbnb.
Greece Launches Microfinance Fund to Support Small Businesses
The Microfinance Fund will offer interest-free financing at a rate of 60% for general entrepreneurship and 75% for female entrepreneurship, with microfinance institutions providing the remaining 40% or 25%.
Study: Greece’s Economic Growth Threatened by Labor Shortages
In its analysis, Capital Economics cites three factors as the reasons why it does not anticipate Greece’s employment significantly increasing in the coming years.
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
![Φυσικό αέριο: Εκτόξευση της εγχώριας κατανάλωσής τον Ιανουάριο του 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/06/fysiko-aerio-90x90.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
