ATHENS – Greeks work more hours than anyone in the 27-member European Union – and even the United States, where… Continue reading For Many Greeks, Required Six-Day 48-Hour Work Week Gets Underway
Yeah, that’s certainly one odd aspect. Also, there’s a ton of other methods to handle labour shortages. Like activating underused groups, such as women. Or offering retraining so people can switch to different jobs. And higher pay for sectors with shortages doesn’t hurt either, considering the already very low pay in Greece.
Running your existing workforce ragged is NOT the way to deal with this.
But hey, maybe we’re missing some cultural or political piece of the puzzle as to why they went this route.
Every labor shortage is a capital shortage. If you compensate better for pretty much any job people will work them. It’s employers trying to shift the blame, but if they want 500 widgets but can only afford to employ enough staff to make 50 widgets it’s not the employees fault they didn’t get an extra 450 widgets for free, labor doesn’t work that way.
Yeah, that’s certainly one odd aspect. Also, there’s a ton of other methods to handle labour shortages. Like activating underused groups, such as women. Or offering retraining so people can switch to different jobs. And higher pay for sectors with shortages doesn’t hurt either, considering the already very low pay in Greece.
Running your existing workforce ragged is NOT the way to deal with this.
But hey, maybe we’re missing some cultural or political piece of the puzzle as to why they went this route.
Every labor shortage is a capital shortage. If you compensate better for pretty much any job people will work them. It’s employers trying to shift the blame, but if they want 500 widgets but can only afford to employ enough staff to make 50 widgets it’s not the employees fault they didn’t get an extra 450 widgets for free, labor doesn’t work that way.