> If somebody is in the EU already that calculation completely flips.

Would you find it compelling to move your whole life for ~100k EUR when you can make as much or more at your home city, with a job that is almost certainly more stable?

And I meant the Europeans. People in EU don't have a culture of moving between cities or countries unless they really have a strong reason to, e.g. can't find a job at home.

> would it really be that surprising if there was more unallocated talent in the EU, at this point?

I am pretty sure there is. It has changed over the course of last few years, primarily because of COVID, and companies willing to offer remote contracts, but it's far from being able to utilize the talent.