Greece's Six-Day Workweek Is a Recipe for Disaster
Greece's voluntary six-day workweek for continuous businesses faces criticism for potentially exploiting workers and harming the economy, contrasting with global trends toward shorter workweeks that enhance worker well-being.
Read original articleGreece has implemented a voluntary six-day workweek for businesses that operate continuously, allowing employers to require workers to work an additional day. This policy, driven by economic pressures and an aging population, is criticized for exploiting workers and potentially harming the economy in the long run. While employers receive a 40 percent wage premium for this extra day, it is not truly optional for workers, who may face pressure to comply. The move contrasts with a global trend toward shorter workweeks, which have been shown to improve worker health, satisfaction, and productivity. Critics argue that the six-day workweek undermines the historical struggle for humane working conditions and could set a dangerous precedent for other countries facing similar economic challenges. Economists warn that increased working hours can lead to burnout, higher healthcare costs, and decreased productivity. The Greek government describes the six-day workweek as an exceptional measure for specific circumstances, but there are concerns that it may become a permanent fixture, further entrenching worker exploitation. Labor and social security officials assert that the law does not mandate a six-day workweek, but the reality may differ, as workers often lack the power to resist employer demands. The situation reflects broader issues within the European Union regarding economic austerity and labor rights, suggesting that the six-day workweek could serve as a cautionary tale for other nations rather than a model to emulate.
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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...
And it ended up with Greece defaulting on its public debt.
It may be yet another disaster but let's not downplay what created an actual disaster.
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