As other commenters pointed out, the electronics industry is quite big in Europe, on paper it generates a lot of money and sustains a lot of jobs. The issue is a bit more complex, and you point it out when you say people around you are old and old-fashioned.
Like I said in the talk: We used to laugh at the chinese products for how low quality they were 20 years ago, who's laughing now?
I don't believe europeans are unable to turn around this situation in as many years as a matter of fact, it's my core beliefs: That together with other young motivated people we'll build our own little electronics industry for ourselves, among ourselves and people who believe we can one day have theye crazy future factories in Europe.
Yes it's crazy hard, but like you I believe things will get sufficiently bad that more will see that the effort is worth it.
You should check out the 39c3 talk from Kliment, he understands this issue so well, and I'll paraphrase him here: Electronics is dominated by old dudes, the industry is hostile to newcomers, self-taught people, women, and more. But by making an effort to give people who are starting a good experience, we can turn this around.
Honestly there is no worker shortage, in my immediate contacts, I already know 2 or 3 people who are ready to work my production line: They have the smarts, skills, and time. They are unemployed because no one would respect them, and give them a meaningful mission like we would, and it's quite clear this is quite a widespread feeling among people.