More work, but less output
Grasping the Greek Labor Market Conundrum The Greek labor market, a paradox that baffles economists and policymakers, demonstrates a trend where work hours are soaring but not translating into proportional productivity boosts. In 2024, Eurostat data reveal Greeks logging 39.8 hours weekly—higher than their European Union counterparts—yet labor productivity hovers at only 60% of the … Read more