Ms Barbara Gerstenberger:

Of course differences in wages play a significant role. However, I would argue that Europe does not stand a chance of keeping low to medium skilled jobs in many sectors. When it comes to highly skilled jobs which cannot be moved easily for other reasons such as person-to-person contact, etc., Europe has a chance. In our survey, executives stated that they have difficulties in finding people with the right skills, not necessarily because they are too expensive.