Speaking from a European perspective, good work life balance seems increasingly compelling for many. My US based peers are still stunned when they learn that I have 32 days of paid vacation.

And while European salaries are lower than US ones, they still are high enough to make a decent living, especially if you’re working remotely from a lower cost of living country.

Regarding the economic outlook, unfortunately you are right. While economic uncertainty seems to be a common theme in a post pandemic world - the US markets took a pretty bad hit as well - the outlook for Europe seems far worse.