> make wealth creation via employment almost impossible.

Depends on what 'wealth' means here, but you can get a 1% salary in England in your late 20s by contracting in tech and save several grand a month. Put that in shares & buy-to-lets and you'll be very well off by 40 compared to the average person. With the lower cost of living I don't see any issues here... If that's what drives you of course.