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I don't always agree with the Jacobin but I absolutely agree with them about this policy change. It's just window dressing while the underlying issues around p
by alephnerd 2y ago
I don't always agree with the Jacobin but I absolutely agree with them about this policy change.
It's just window dressing while the underlying issues around professionalizing the Greek shadow economy remain.
Greece's low productivity continues to persist despite being a 6 day workweek, and it's not like Greece is trying to compete with ASEAN or India for low value manufacturing so the 6 day workweek doesn't make any sense.
Even Malaysia, Romania, Mexico, and Turkiye - countries with a similar median household income - tend to follow a 5 day workweek for businesses that are above-the-table
It seems Greece has absolutely regressed to developing country standards (or maybe it never actually developed despite the metrics)
Edit: Based on Greece's exports it's basically a petrostate - almost 40% of it's entire exports are ONG related. It seems that Greece's dependence on ONG exports and Shipping has severely skewed it's GDP per Capita ($20,000) compared to it's median household disposable income (~$10,000 [0])
[0] - https://www.statistics.gr/documents/20181/89686396-5d14-f1c5-b4aa-24e105bba7f2 https://www.statistics.gr/documents/20181/89686396-5d14-f1c5...