🇱🇺 Luxembourg

Median age of 39.5 and a 22% dependency ratio look healthy on paper, but the catch is Luxembourg doesn't really have its own labour force — nearly half the daytime workforce commutes in from France, Belgium, and Germany, meaning 'employment' is a fictional resident number. Youth unemployment rising from 18.3% to 21.3% in the richest country on Earth is the tell: Luxembourgish youth see no future in a saturated, hyper-specialised economy with brutal housing costs, so the brain drain goes outbound while the imported workforce keeps the illusion alive. When AI hits fund admin, the frontaliers don't become Luxembourgers — they go home.

No dedicated national AI strategy of note — Luxembourg hides behind the EU AI Act and positions itself as a 'trusted' financial centre for AI compute and data hosting (thanks to green electricity and lax neighbours), hoping regulatory arbitrage will outlast automation. Retraining infrastructure is minimal; the country assumes its hyper-specialised finance workforce will somehow transition into something else with no industrial base to absorb them.