Why Greece is struggling so much with productivity?

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I know that Greece has had economic woes for some time, but I was surprised to learn that the average Greek worker puts in more hours per year than the average American and significantly more than the EU average. With the recent approval of six day workweeks in Greece, while conversations about shifting to four day workweeks are occurring elsewhere in the world, I’m curious as to what has led to this situation occurring?

In: Economics

15 Answers

Anonymous 0 Comments

We dont struggle with productivity.

Country has a major problem with undocumented hours and “black money” aka tax evasion.

They are trying to fight all that by introducing things, that generally always have loop holes that the average business owners translates it as they want, to abuse the average wagey.

The reality is that the average wageys usually work way more than 8 hours but it doesnt get reported anywhere and the money is given as cash at hand.

Or not given at all, with the threat of “You can f off if you dont like it”.

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