July 28th, 2024

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.

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Greece's Six-Day Workweek Is a Recipe for Disaster

Greece 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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By @Arnt - 6 months
Pity that the article doesn't discuss the effect of the reform on the informal economy. To me, this (or any) reform should bring more employment into the taxpaying, insured part of the economy, and whether it does what it IMO should is an important thing to discuss.
By @alephnerd - 6 months
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...

By @TacticalCoder - 6 months
Maybe it is, maybe it isn't. But the one thing that is sure is that their previous model didn't work. Everybody cheated the state. The state itself cheated and lied to the EU.

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.

By @sandspar - 6 months
With a source like Jacobin you can be sure you're getting the full story.