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Funny how worker-orientated changes need to be “tested,” but capital-oriented policy can just be written into law without even the most basic due diligence.
It is all done to serve the capital owners, the ones at the very top. When are you people going to understand that? I am tired of preaching, and I am annoying, I know. But you wont see anything else, ever. Human well-being will always come SECONDARY, and maximizing profits at all costs will always be the PRIMARY goal. That's what its all about. If you care about yourself and humanity in general, you would never support this system. It is utterly corrupt.
As a Mexican who has been working 48 hours a week, 6 days of the week for ALL of my adult life, I can tell you that schedule is a nightmare. You are always tired, you have no time for yourself, it has a very bad effect on psychology and health. And for all of those paragons of "economics" arguing about productivity, it has been proven by several studies done in several countries that productivity actually declines with 6-day, 48-hour- weeks.
ah. I been working 60hr a week, 5 days basically for last 7 years. It's definitely pushing my limit, at age 35 I no longer can do that without just crashing at the end of the day.
@@mr.g4099guess who let such bad enforcrment of schedules happens? The managers, executives have all the incentives in the world to enforce it. Yet they dont
Japan already has this technically. Most contracts pay you for overtime with the expectation you work at least 10 hours per day. The result is a high suicide rate.
@@Hrrrrrrrrrreng As if the USA is any different. The USA has been doing this for 40+ years with not a bit of worker protections, time off, or any healthcare. Welcome to our world!
@@gregorybiestek3431the USA is actually quite different from the US in some regards. On paper Japan actually does offer some decent amenities that the US deprives it's workforce but the culture there makes it basically impossible to cash in on any of it. If you have any interest in climbing the ladder it is basically impossible to take any time off. It's also viewed as discourteous to clock out before the boss, which results in crazy amounts of unpaid OT. If you aren't willing to put up with it, they will just completely bypass you on promotions. You can leave the company if you want but things may not actually improve, often even with experience you need to start from the bottom again.
japan has a really weird fetish culture built around being a workaholic. like they even commit seppuku if they did something wrong with their work. i have no idea how the youngsters of the country feel like but if they don't do something soon they will have to endure this shit for their entire lives like their elders.
who needs children to visit you in your old age when you can have complete strangers with minimal training who see you as a nuisance between them and their paycheck
@@neuxell But don't worry, those nurses won't be able to arrive at retirement homes in the first place when the public transportation won't work because maintenance workers will also be undertrained and overworked.
Capitalism doesn't give a fuck about elderly people, and would rather have them all dead, so they can get those old guy's retirement money for them instead.
This is insane. "Breaks are productive" is my favorite quote. "You can't squeeze blood from a stone" is another one. Like my goodness. People need to be rested to be productive, it's not that hard.
Slaves are an asset and need not be worked to death...But employees are different....Just use them up and hire the next desperate one waiting at the door! Always keep a surplus of labor and a shortage of jobs! ....It is a strategy...
But then a new issue arises... If youre rested, that means you have less stress, more energy and more free time to think and if you are allowed to think that means you will eventually realize the absolute modern slavery that are "jobs" and this entire modern day system... And THEY do not want that at any cost! Thats why im selling used cars, illegally of course, tax free and ear anywhere from 6 to 15 thousand a month.
@@roobertmaxity They can't do anything about it in almost every country in the world. Even in first world countries like US and all of Europe. Reselling used stuff as a primary source of income without having a business or a company to your name, is illegal only on paper and only if it's done in a large scale. There's no laws against you having 2-3 or even 4 cars, so even if police comes to your door, you can just keep saying you're buying new cars for yourself and then selling them because you don't like them. If you know what you're doing with cars, you know that you never keep more than 3, maybe 4 cars at a time and then as soon as you sell one, you buy another one to always keep maximum profit flow... Nobody's gonna be suspicious of you owning 3-4 cars, especially if you have a wife or a partner. That's why police and gvt donsn't bother with people who do it like this. They only catch people who keep like 5, 10, 15 or more cars at a time because they can actually prove it and get you to prison. I've been doing this for almost 12 years now, after being forced to work in a metalwork factory, 6 days a week, up to 11 hours a day, having to also waste about 1 hour on getting ready for work and then almost 2 hours of travel time going to work and back home - and with only 14 days of vacation time per year... Yeah, no thanks... I'm never working EVER again a day in my life.
Yes, that kind of situation happened also in Italy, especially in restaurant jobs. The result of this way of treating workers is that now nobody works anymore as cook or waiter, many shifted to factories or other jobs re starting from zero. Restaurant and hotel owners are desperate for the lacking of workers and cries like babies for a situation THEY created. And i, as a ex cook, laught like a madman😊. The threat :"i don't care if you fire yourself, i got plenty of people outside my door ready to take your place!" worked for a time until COVID and birth winter became a real thing
6? Why not 7? Look at india and it's working wonders for them. Everyone is rich and happy and not stressed at all and there's no unemployment and everyone can afford to buy a house and rent and eat food. The government's media told me that's true, so it must be. Yep. Totally an awesome step towards becoming the best country to live in.
@@tomlxyz That only depends on how that money is spent. If that money is given to a large number of very low income people, than they will spend it immediately on consumer goods (obviously) and so the demand and prices for those goods will increase, and so if money goes from people that do not spend as much as often to those who spend it as soon as it touches their hand (duh that's what the needy do, because they have needs) it will still cause a net inflation in the consumer price index (inflation). Now the real question is: how do you help the poor without causing inflation? How do you have government spending without causing inflation? It gets tricky when you look at the big picture. Inflation is just the cost of doing what needs to be done.
"In order to correct for the young parts of the population leaving to find better, more comfortable jobs elsewhere, Greece is making their jobs worse and less comfortable" Great idea. What could possibly go wrong?
They know they can't do that to the high paying ones bc these people specifically have the luxury to leave Greece if they want to. People of low income (parents, young people, immigrants, working class people with no "connections") who do work in service industries, retail, construction and factories sometimes don't have the money or even the required papers to leave to EU countries easily 😢 The government (that backs up neoliberal policies) can really do anything they want and that's scary.
I live there and the reason they passed this law is because Greece is governed by businessmen. The Hotel owners, Restaurant Owners, Beach Bar owners and in general the businessmen who work in the tourist industry talked to the prime minister and told him to pass this law because a lot of Greeks didn't want to work for terrible wages in inhumane environments. The hotels didn't have employees because nobody wanted to work after covid for minimum wage 12 hours a day no day off. Every year they say on the news that the year was very productive and good for the tourism industry but the profit these owners see is never going to the workers. Despite them having growth every year the salaries stay the same for us and people are seriously getting fed up, but the government as always has the backs of the businessmen.
Hey anyone remember when in the 50-60s most economists generally agreed that by the 2030s the work week would be less then 20 hours a week (4 hours a day)
The 20 hour work week was also based on the current population growth and economic growth, both of which drastically slowed over time, and with a aging population it becomes harder to shorten work hours, either way we SHOULD be working less then we are.
Yeahh we aint gettin The Jetsons Scifi future, we're getting the Bladerunner SciFi future but more mundane. If we're lucky maybe after all the bladerunner dystopia shit we'll end up in the Star Trek SciFi future, but Im not an optimist.
@KazuhiraMiller-e7o exactly, this whole charade benefits no one, people waste their time and companies constantly obsess about productivity even when there is no work to be done
@@samuelspace101 Oh no, economic growth exploded exponentially. But the governments and corporation greed made it impossible. We could easily make it possible but the government want a busy population because it doesn't have the time to think , especially to think they might be exploited. The corporation doesn't want a population which have time on their hand , because the people might create their own business and compete with them. It is in the best interest for both to keep you busy as much as possible.
Unless its a hour a day, six days a week, am not turning up for work six days a week. Countries aren't doing anything to address the aging population so now they want to make us work more? How long before you have no population?
Well let's be real immigration is a very good way to address this but countries don't want to do that and those that have, immigrants are fast becoming a second class citizen
If they keep doing that, humans will stop reproducing and humanity will go extinct. And then *Michael Jackson* will return from the dead and will finish the *HIStory World Tour.*
@@dylann6800 In Germany it shows that Immigrants don’t help an Aging population. 2nd or 3rd gen Immigrants have also 0-2 children like the Native population. So immigration only is prolonging the inevitable case of an Economic Crash. Also it’s dividing the Population.
As long as you can afford this attitude, you can afford it. All Greece did is open up the legal corridor for labor. Now it's up to the companies to battle things out with the unions. Germany for instance has never not had 6 legal work days per week, legally companies only need to pay us a bonus on Sundays and bank holidays.
@@larsenconditioning6742 I don't care for the rich 1% at the top. I've reached that point, and I suspect many have, to just get rid of both them and their Capitalism.... It's innevitable, the question is when and how it will be done.
@@AdmiralBison I do not care for them either, im just saying those would not win however everybody else would win big time. It is crazy to think there are billioniares, just stacking more and more money, and not using that wealth to help.
@@larsenconditioning6742 That's what Capitalism is. *Capitalism* as its name suggests is a central preoccupation revolves around the accruing of Capital (especially by those mostly who already have vast sums of it either by ill-gotten means or just straight up nepotism) It's a terrible system anyhow, that really only appeals to our primitive worst nature. (Greed) Greed is like a survival instinct that's completely gone wrong. I think we are on the right track by no longer accepting this system and to focus on the more important actual valuable things. Quality time, health, resources etc... and we ought have a system that reflects our values. The Human condition - healthcare, mental health, emotional and spiritual support, community and culture Resources - Housing for all, Nutritious food for all - We have Science, Technology and very, very smart people that help with that. The environment and world we live in. I say let's tax the rich, use that to fund this transition to a new system and have it benefit all and not just 1% population. I no longer accept Capitalism.
lol "young people need to work harder" while at the same time has given no opportunity to work is just insane. Seems like the quality of life is just going to the trash these days.
Well, the most popular phrase young people hear in Greece by the elderly is "you're young, you can take it"... take what you might ask? Everything... literally everything...
Yea whats crazy is we have pushed our technology very far, only to get to a point where we cannot really use it cause everyone are busy working all the time.
they're literally doing what youtube did with ads, people are using adblock so they shove even more ads onto those without, leading even more people to get adblock
@@blugaledoh2669 Make. The ads less intrusive (like they used to- limit it to banner ads, 1 pre-video ad max) and more people will unblock. Or just accept that RUclips (or Google) is already heavily subsidized by the government. So we all pay for it indirectly anyway.
We understand people very well thank you. After all we have been treating our serfs - I mean our employees - this way for more than 40 years. Greece is still too generous with giving everybody healthcare and social benefits, so the corporations still have some work to do.
Less taxes more pay. The hours can stay at 40. Government cuts all social programs. Workers keep their pay. Welfare recipients get the boot because they don’t work. Nothing less.
I was shocked when I was talking to service staff on my vacation in the restaurant in Crete Greece. The staff there is working every single day for 16 hours. Yes you read it right. They come at 8 am and leave at 1 am in the night. Then they come back in the morning. Every single day. I just can't comprehend this. And I'm from Europe as well.
Exactly this, the average working in tourism is 12 hours each day and 7 days a week. The paying also is usually not legal, they pay officially the minimun wage and give the rest under the table, to avoid the extra taxes, pension etc. Also many times they don't pay at all
i worked like those hours at a restaurant part time, alongside the people that did it full time. the workforce slowly all quit and i watched the establishment bankrupt it was quite funny.
I remember what kind of shifts I used to do when I was a cook, back in 2012: from 8:00AM to 3:00PM and then 5:00PM to 1:00AM, 6 days per week (unless it was summer: in that case, no rest for the wicked because you had to cover the whole effin' week). No turning back, I swear to god
@@lilSon-bo3nc You are clearly a kid, it doesnt work like that for the average person due to how things are we are FORCED to work more just to get food.
If Greece increases the work hours and week to 16 hour days 7 days a week, their economy will double without any negatives. This is absolutely brilliant. Not only that but people will die before they even reach retirement age which is a double bonus for the country. ~sarcasm
@@demetriusperminter8419I've been having job anger the past few weeks here in Portugal but after reading that I feel like I have no right to complain.
Here in Brazil we have a 6x1 work routine, from 07:00 AM to 17:00-18:00 PM and sometimes even until 19:00. it is HELL ON EARTH we began a movement called "life beyond work" to hopefully change something. If you government start talking about implementing 6x1 work week, PROTEST! Don't let them do it, go to the streets, do everything you can to stop it. You don't need to give your whole life to make other people rich, LIVE YOUR LIFE Edit: And btw, 6x1 means 6 days working, 1 day off, mostly on sundays
No thats far from the truth, they dont even know that you Are exist. They bleed the workers dry while totally ignoring that These workers Are consumers of goods they sell.
They don't want you to off yourself. They just want you to be like a feudal serf or a sharecropper, constantly in debt so you work more hours while making less because everything else goes back to paying them back.
It's just a second job at that point lol. People will do anything to avoid acknowledging the reality that they're poor. If they do, they'll blame themselves instead of the people who robbed them. People need to stand up for themselves and for each other or we're all going to go back to serfdom.
Especially YT doesn't always start out like that, people are genuinely passionate about it, but... sigh, it's the same as indie game development. It's honestly terribly hard a job to succeed in. In most countries on Earth (where you don't have access to half a billion affluent English speakers and whatever niche you wish to explore you'll always find some audience), only the top tier will monetize enough to make ends meet.
From the moment side hustles became common, it was inevitable they would become necessary. The price of goods and services is "what the market will bear." So as soon as enough people got a bit more money in their pockets, it was a given that businesses would ratchet up the cost of everything. It was the same thing when households moved from having one breadwinner to two. Doubling household income gave license for household expenses to be doubled as well. "You have to run as fast as you can just to stay where you are."
@@Pacemaker_fgc Bro the serfs worked like 150 days a year, had mandated Sundays off, and had more protections by the Church than by anything short of the 1950's unions. Yeah, you had no "freedoms" as we would conceive of them, but you were required to be protected and if the local lord got too bad you could bring it up to the Church and they'd probably sign off on you killing him. The serfs (as long as you weren't English) lived what could be argued to be a better, happier life than how we live today.
Long working hours are a hallmark of well compensated professions, but looking at that and thinking that you can make everyone well compensated simply by making them work more is literal cargo cult thinking.
Nobody claimed that Greek workers would be compensated better. This is just the usual economic rat race around the world. Countries trying to undercut each other's labor costs to haul in production jobs, while at the same time trying reduce the cost of the welfare state.
It’s not just a hallmark of high-paid professionals - there are plenty of not-so-well paid jobs that all but expect you to be available to work whenever, wherever (security services come to mind - I can’t tell you how many times I have been called up on my days off to put in 10-12 hour shifts at posts on the other side of town..).
You and me both. Working towards a 4 day work week at my job so I can actually try to enjoy life. It's sad that people think you should have to work like a slave as a standard. F that BS.
I lived in Germany for awhile. Most of my friends ended up being Greeks and Italians. I hear the same story from them both. "I came here for work and to make money, but I want to go back to relax." It's a lot like the FIRE movement in the US, Canada, Australia, and formerly the UK. Go to Switzerland, Germany, and Austria for work, retire in Greece, Italy, or maybe Spain. This will definitely cause mayhem for the latter 3's welfare system, with their constant brain drain, rapidly aging population, and a lack of diverse industry.
People want to retire in spain, italy and greece because of weather and attractions. It's like people retiring to Florida or Arizona. The only difference is that Florida and Arizona have managed to create thriving economies that attract younger people in the past couple of decades. There is just nothing to see or do in Germany really. It's like living in the mid-west here in the USA. Spain, italy and greece have beeches and warm weather and quaint communities.
Don't worry Italy has a "submerged" economy that can't be perceived by technical data, we just have a political class made of clowns. I don't know if the situation is the same in Spain and Greece.
Italy is the second industrial power in Europe behind Germany... I wouldn't call that lack of diverse industry quite the contrary Italy has very diverse industry. Then I agree with the other points.
@@collin9085 That's funny, I'm from Belgium and frequently go to parties and gigs in Germany, there is like a major city every hour in any direction, how can you get bored? Meanwhile i know both Italians who moved to Germany/Belgium/Netherlands who say Italy ain't shit and people from places like Germany and Sweden who lived in Italy for a while and also said that aside from the weather they tought Italy was kinda dull. I guess opinions differ greatly. But the thing you hear constantly is that places like Greece or Italy or great on vacation but not to live.
My job did a 5 day 12 hour a day workweek. Everybody quit doing anything, and I guarantee productivity dropped significantly. Finally, just before a year had passed, they went back to 5 8's.
@@kurtfrederiksen5538 It probably wouldn't be too bad. Those 12's started as 3 12's and a 4 hour shift. That was decent for the 3 weeks before it morphed into the 5 12's.
@kurtfrederiksen5538 I did 4 10s at a casino and loved it. Then my manager managed to always split it so I has to cover other shifts and be the main week grave guy. I got sick and fired for missing too much. No insurance, and all because I asked for a reliable weekend.
Had a company try to work me 6-7 days a week for three months. I called in sick after working 5 days every week and when they told me i was going to get fired, i told them they were violating OSHA regulations and ill see them after my weekend. They then fired a whole bunch of people because there was no more orders to fill and the food was just sitting in a fridge for another three months. They did ended up firing me for being injured on the job later. But i was so exhausted i didnt care. Nearly every company does this shit if they can get away with it.
I literally quit my 20 year career where I was on track to be CEO in 10 years because my work life balance was trash plus it was killing my mental and physical health. Why do we hate people so much but love fictions of paper?
Weird idea. Make your country competitive to others by giving worker's more paid time off, living wages, access to healthcare, and less time needed to work a day
I don't think they want to do that......... Immigration is very easy to get anyway, between Somalia and Greece there is still an universe of difference.
In my experience, when a company asks you to work more hours than usual, they do what they can to mitigate the cost of paying you more for those extra hours. Wouldn't be surprised if new hires get paid less per hour
that is an amazing way to make sure more and more people leave, and the ones who are stuck in Greece work slower and slower as they get more and more tired.
Its wrong. Its basically a way to filter out lazier workers and send them into other countries to leech on them.. I might be wrong but most developed and advance countries are actually the hyper productive countries like usa, china, singapore, etc.
I am Greek, living and working in Greece. We deserve all the outcry we receive. Ofc our media push it under the rug. Forest fires and heatwaves make for much more important news.
@@soclvs when 1 of the 3 major newscasters is married to the PM’s brother, kinda prepares ppl for the sort of journalism they gonna get out of tv. They don’t even bother keeping appearances anymore, they are here for the money grab and that’s all they gonna do. Yet we vote for them 🤡
@@Unknown-ki8ykwithout wanting to be a history nerd, neo-greeks are not the descendents of ancient Greeks whatsoever. With that being said, any human shouldn't accept this. The problem is that greek media pushes insane capitalist propaganda and unimportant news. People are outraged about stuff that isn't even real while starving. Greek people will gladly participate in fascist rallies or "family pride" but they won't join a union to protest about their rights because that's too "extremist" and "only weak people complain". All that while the brightest minds leave the country while a few hardworking and honest people who don't come from rich or middle class families with a satisfying income are stuck
The elderly were the people that got Greece into this mess in the first place, with their poor choices of politicians. Rather than do a 6 day working week, raise the retirement age and cut pensions.
This happens in Brazil too. After the last work reform, our 44 hour workweek became "flexible" and now we can work 8 hours a day for six days a week (which is terrible) or work 12h nonstop then rest 36h (which is a hell hole). On to the other side: nations that are trying to reduce workhours do that because their production levels are VERY high. Thus François works 6 hours a day because he works as a "desk jockey" and manages 8 CNCs that are producing what a small team of specialized workers used to do in the 80's. Anyway, Greece and Brazil are trying to move the wheel of time backwards.
@@danielserrano929heeeeeh either way thats what politicians does, the differance is how many of these friends are actually halfway qualified or actually care about their responsability
For better or worse, Brazil has a way easier path towards solving these problems than Greece. It's the most relevant country on the region by far (little reason for people to go to neighbors), is a part of BRICS (directly benefit from having good economic relations with China), 95% of the people does not speak english (hard time getting work abroad), the currency has very low value compared to Dolar and Euro (harder to save enough money to leave to a better country) and abortion is illegal (the natality problem can be controlled by restricting access to sex education and contraceptive methods). Greece's biggest problem right now are economical, Brazil's are political.
You can easily work two jobs at once if you wear a call center headset while doing physical labor at the same time. It's the only way to improve outer exonomy!
Greece: "We're losing money fast, have an aging population, and no one wants to move here. Any suggestions?" America: "This sounds bad: but why not secretly make it worse for the young/middle-aged people, but so expensive they cant leave anymore and work 1.5x as much?" Greece: "Secretly?"
@@RyanNelson0402 The average full-time US employee worked 1757 hours annually in 2017, 182 less hours than 50 years prior. The move to working 6 days per week is the exact opposite of the trend in the US economy over the last 50 years.
@kyleolson9636 The dollar 50 years ago was significantly stronger than it is now, and housing prices were significantly lower. Also, more people today work multiple part-time or gig jobs. Full-time employment is becoming a luxury.
The old saying is; that there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina. I suggest Adding *Greece* to this
From what I've heard, part of the reason for over-time laws is not to prevent people from being overworked, but to encourage companies to hire more workers and reduce overall unemployment. 2 Employees working 30ish hours a week instead of 1 working 60-70. Beyond the optics, this also helps reduce people relying upon government assistance. So, Greece is deciding to handle its massive unemployment problems with a tactic that will encourage companies to reduce their staff and just work them harder, INCREASING their already ridiculous unemployment.
@@robertmartin6800 It's almost like they need to reduce or otherwise limit ceo and executive payment gaps compared to the average worker, so that they aren''t artificially making labour more expensive.
@@tumultoustortellini Spite is a poor basis for public policy. Hurting people who have more money than you or I may feel good, but that doesn't mean it would actually help anyone. I mean, how would that policy actually help? Some of Greece's biggest problems are brain drain and capital flight, wealthy and skilled people leave the country to work and invest elsewhere because they can't make as much money working and investing in Greece, mandating that they make artificially _less_ money would do nothing to stop them from leaving the country, it would only be more incentive for them to leave. This sort of policymaking is why nations like Greece are so poor in the first place.
@@robertmartin6800 It's not about 'hurting people' or spite for that matter, it's about closing an unjustified gap. Surely you can see the difference between the two? And the 'investors won't stay' argument is BS as well. If that was true, how would countries like Switzerland, Finland and Denmark have such succesful economies? Investors still invest plenty in all kinds of economic sectors there...Why? Because a better balance between the compensation of both capital and labour ultimately results in a higher ROI. So in your example, those investors are leaving Greece for countries where workers are compensated BETTER than in Greece, yet they STILL get a higher ROI.... THAT'S what closing this gap is for....
@@oilslick7010 Firstly, I don't accept that any such gaps are unjustified, what are you basing that on at all? Secondly, I don't accept that those economies are better because they are made artificially more equal. Norway is wealthy because of their oil, it's essentially a petro-state, Switzerland is wealthy because they have a comparatively laisse faire approach to economics, at least by European standards, and Finland is in a very similar position to the Greeks, their economy is small, stagnant, uncompetitive, and their public debt is becoming unsustainable, they've just got a smaller population and a slightly better developed economy, so it's taking longer for them to fold, but they will. In any case, with the exception of Norway, those countries don't see much more foreign investment than the Greeks do, simply less capital flight, although Finland struggles with capital flight too, and I don't understand how you believe your policy will _lessen_ the problem of capital flight, or entice more foreign capital to flow into the country. The only argument you've given is harkening to three countries that don't do what you're suggesting Greece does, and that, with the exception of the Swiss, don't have much better economies in any case. Greece's economic policymaking is not very different from the rest of Europe, Greece is simply a _very_ poor country, and can't sustain such policies any longer. This is a problem that will affect the rest of Europe in time, as they continue impoverishing themselves.
Every family has a person who breaks the chian of poverty in their house hope you become That one, I pray anyone reading this will be successful in life
I'm from Alberta Canada I use to take loan from my bank for survival but after I came in contact with her I'm Now a credit not a debtor anymore bought my first car last month
I'm honestly surprised about This FIN advisor name being mentioned here. I stumbled upon one of her clients testimony last month in "WION" news and I tried her the returns are massive
Increasing work hours for young people and not slashing pensions will please elderly voters who are expected to have more and more voting power due to increase in their share of the population. This will further decrease fertility rates and drive more young people out of the country which in turn, will further increase the share of elderly people in the population and increase their voting power even further. If countries with aging populations fail to break this vicious cycle, youth coups may soon become the biggest threat to democracy.
Democracy clearly isn't working when the demographics itself is so unbalanced leading to gerontocracy. Economically it is already far beyond unsustainable and is only being propped up by ever increasing immigration from the undeveloped high birth rate nations. The decline is obvious now and i don't see an end point to it, this may well be the end of a civilisation.
What good is democracy when it becomes indistinguishable from feudalism? More people left and right are prefering extreme regimes rather than democracy, it speaks volumes to how bad democracy has gotten.
Youth coups might be the only way out of this situation. After being oppressed by the old, they may be able to break the cycle once a new government is established.
@@nightmarepotato5000 no but in the last months the fertility rates around the world have reduced and every video about it makes it look like a catastrophe
About the 4-day work week, since Belgium was given as an example and I happen to be Belgium...what is now legal is the work week 'in' 4 days, meaning the idea of working all your weekly hours in 4 days instead of 5, therefore, it's not actually a reducation in working hours. That being said, this is not widely adopted because you need to ask yojr employer for approval (this is not a general rule), and they can ofc decline. In practice, I know absolutely no one who was a true 4 day work week, unless they are specifically not working full time. That being saidw sometimes working 4/5 means a paycut that is not that significant for many people (given how high our taxes are), so they just take it. So, in practice, the full-time 4-day work week does not exist here.
I(29) work 38 hr's in 4.33 days a week. At my current job that means 105% of full time, but it also includes working nightshifts, dayshifts and morningshifts. I have a 2 year post highschool education. My girlfriend(26) works 40hr's in 5.0 days a week, 112% of full time. She has a 9 year post highschool education including her masters of criminal law. We have no debt(student or otherwise) no fancy car, and work a combined 78hr's, but still can't afford a proper house to start a family. We rather rent for the rest of our lives renting this appartment and not have children than work 6 days a week for a combined 100hr's in order to still be poor.
By the way, since our generation has constantly seen fuck ups and we're basically told every day things are going to get worse, do we really want to gift our child with this fantastic future? I admire the optimism and courage of my (35 y.o. here) peers having children, but unless you're an above average earner, chanches are you're not going to give them the life you've lived, which was already significantly different from a comparable worker in the 80's and '90s...
Question: If everyone works more, and by extension makes more, won't everything become even more expensive, at best giving us the same buying power but for more labor?
Everything get's expensive even when you don't raise wages. As mentioned in the video, wages have not kept up with living expenses. So without the wage increase, you just get more and more f'd while the rich get more chances to hoard everything for themselves.
Not necessarily. It comes down to cost per production unit. If you run a workshop, an office or other facility, that facility as a whole turns out units per time at a cost rate that consists of labor costs, material costs and fixed asset costs. When you work a day more you put out more units at the same variable cost rate, but the fixed costs decrease relative to the number of units put out. That's an increase in productivity.
That is absolutely correct, and it's why wealth distribution is so important. Some people say that economy is not a zero-sum game, that with higher productivity everyone can earn more and benefit more... Complete BS. Money HAS to come from somewhere. For some people to earn more and be actually able to afford more, other people HAVE to earn less, otherwise the overall ammount of cash in circulation just increases, causing inflation and reducing everyone's purchasing power (the poor lose more, though). If today it seems like young people can't afford as much as their parents could, it's because wealth is more concentraded on the hands of the rich (higher inequality) than back then. Not trying to sound like Karl Marx here, but in order for workers to actually earn more, the rich HAVE to earn less. Wealth DOES NOT trickle down.
not really. money lose value but it circulates more, and as such people has more staff which should cost less. In other words, you potentially get more stuff compared to before, so you are "richer". But the reality is that the more money is produced, the more it goes to whoever has it already, because certain goods are not elastic and can demand higher prices as there is more money in circulation. See why houses (land really, not the bricks) keep costing more and more
That's an outstandingly good breakdown of the current working conditions in most areas of the world. Really gives a wake up call on the idea of sustaining ourselves off of a second job just to meet ends.
but think of the poor CEOs and investors that will not be able to afford their third lambo this month because now instead of 1% of profits being used to pay workers it'll now be 2%
But why pay two chumps minimum wage (each) to work five hours (each) when you can just pay ONE chump minimum wage for ten hours? (that's angry sarcasm, btw) And, mind you, I don't know how it is done in Greece, but in some countries that also have 6 day work weeks, like Mexico, the minimum wage is meassured per DAY, not hour. Which means that you get paid the same whether you work ten hours a day or five hours a day (if you get paid minimum, that is).
Why the hell would they be interested in that? High unemployment means they can keep wages low. Also, more workers cause more administrative effort, need more offices/locker rooms And why would the companies care about the unemployed people?
Honestly? We kinda tried that in France, it wasn’t exactly a huge success…..because companies simply asked that the work that was done in 39 hours was done in 35 hours.
I think it's tied to a global phenomenon: The aging population is growing faster than the youth (no time/money/energy to get married and/or raise kids), and a lot of welfare system is based on taxing the working population to fund the elders' healthcare. The most obvious, short-term solution is of course to increase the working population's output (either increase tax rates or collect more in taxes from longer work hours). This practice really drains from the working youths, causing mental and physical stress/exhaustion, leading to even less desire to start families when you can barely keep yourself afloat amidst rising costs of living, which means a shrinking working population to pick up the slack. It's a vicious downward spiral.
@@clayxros576 No no they DO understand but every leader is acting on the idea of "the one coming after me will deal with the probiems" And since they all act the problem only gets worse, because theres no easy solution, if theres any in our current society
@@clayxros576 I'd like to think it's the case that they don't understand, but truth is, they don't care, since they're holding the power and money and just want to appease their circles of influence (lawmakers, politicians, big business, wealthy, etc.), rather than make things better for everyone.
When I read the title first, I honestly thought that someone is trying cutting down on hours to 30-32/week and distribute them on those six days, trying to maximize productivity and flexibility while giving the workers less work for the same wage. Well, I was wrong.
greek here. Greece has a two big problems . 1st a lot of people worked 6 days a week already but were not reported as .The legal procedures about that were not very clear and many employers just avoided to rpeort that dat cheating the weak enforcment of any work law .The big change here is that you cannot deny working extra day and 40% extra pay for that day isnt that much.Most jobs are exempt from this law but for the ones that do not its a shitshow probably. The second problem is that greece has serious problem with finding skilled workes ,something that north europe is not strugling with as they have a lot of brain gain. I think that its a bad idea because productivity is far more important than hours spent working but you need to understand tha greece cannot be judged by most EE countries standard Actually most greeks that are productive work already alot of overtime.2000H per year as of 2023. very well informed video!!
@@laurentleplat333 you understand that quality of life in greek cities and pay is significantly worse than most of the eu countries .To compete with countries like germany is realy difficult .
@@anypoptoslol There are solutions to that. There are many third world countries with skilled workers that would do anything to live in an european country (even if it's not one of the best).
As a "tech worker" that works 50hrs/week. We are not "Well Compensated" for the stress we're under. Again, adjusted for inflation, we should be making at least 30% more money. And we do not get overtime, we are generally salaried workers and I have often had 60hr work weeks for months at a time with ZERO extra compensation.
Yes. I have done months of back-to-back 80+ hour weeks in tech, often under massive stress - which management will say they "didn't ask [me] to do" ... (but nothing would have been delivered otherwise) ... and usually the best I can hope for is a small bonus one-off. Salary, no overtime. (Working for small software companies, not FAANG)
Same, we are also being outsourced, pushing wages down all the time. I’m making 11% less money in nominal terms then I did 10 years ago, never mind inflation.
Just so people know. Greece is a tourism depended state, employing the vast majority of the labour. The working conditions demanded are mostly working 9 to 10 hour shifts, with no break. Salaries range between €900 and €1500. However, renting is still skyrocketing, whilst employers are not legally obliged to keep rooms for their employees to rest, although the law was ammended just recently. Still, employees are obliged to work 9 to 10 hours with no break, whilst officially working 6 days a week.
@@kalejuice5701the argument is that they are mostly lazy and this will instill discipline and productivity. I wish I was kidding but this is an opinion I hear from some older people a lot.
@@agapitoliriawhenever a manager say that he could result if his subordinates were not so lazy, he’s simply admitting to be an awful manager. Here, it’s the same but for a nation.
No one should be doing unpaid overtime. Loosing your free time in exchange for money is one thing. Loosing it to receive a reduced in hourly rate has no redeeming qualities. People have had their good nature taken advantage of to the point when politicians turned it into an expected norm. Outrageous.
@@underleftI don't think how badly things are in Greece the last 20 years. I'm more than willing to switch places with you if you want to though. Here's the issue though to keep in mind 1:01 it's actually far worse. The boomers here refuse to open up spaces for younger generations and they asko refuse to let up and either increase wage or loose hours. Instead what they do is demand more hours with more responsibilities from younger generations while the boomers (and those who have connections with them) take EVERYTHING! For example i work around to 126-130 hours a week (most people work 112-116 hours a week) and as you realise we don't have days off and we also don't have the benefits that we have in our contracts, we don't have vacation, we don't get raise nor promotions and don't get paid what we should nor in time while the boomers steal all that for themselves or for their connections. We also get shitted on and are being called lazy by them who had their wealth handed to them and also sold the next 3 younger generations future for their gains. That is why people leave although they can no longer do that considering that they do everything in their powers to cut us off from leaving the country in order to have sl@ves (cause that's what they turned us into) to work for them. Americans seems to cry about it and i can understand but holy shit what i wouldn't have sacrificed to go there.
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
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Before I make my point: I agree with How Money Works' (HMW) central claim. This policy will likely backfire and have negative economic results, not to mention I personally find the idea of "two unpaid hours per day" immoral. However, while I am just as upset as HMW, I was baffled to hear HMW claim he tries to make things "unbiased" and "tell the story of all sides" (paraphrased). HMW very obviously has his biases (and that's alright, but he tried to act like he doesn't which just isn't true). Maybe HMW just doesn't know how to interpret data, but there are way too many instances of him completely misinterpreting data to construe the story he is trying to tell. Take the segment at 8:44 for example. He points at a "Labor Force Participation Rate" graph from the FRED and says "the amount of time workers are spending at work has gone down". What? The Labor Force Participation Rate has nothing to do with hours worked, and instead conveys the percentage of working age, working able people that are employed or actively seeking employment (roughly). Next, he shows a "Average Annual Hours Worked by Persons Engaged from the FRED and says "but the total amount of people have gone up to". Again, What? What does the total amount of people have anything to do with the data you are showing. Not to mention that from 2000 to 2019 (HMW's timeline) Average Annual Hours Worked by Persons Engaged went down by 4%, which kind of goes against a bunch of HMW's narratives in prior videos. Push that timeline back to 1951, and you'll find that number has decreased by 13%. Again, further going against claims made by HMW in prior videos. Just figured I'd point this out.
This is the type of video that I love RUclips for. I’d have never woken up to a coffee and this perspective neatly packaged up to me to enjoy with a coffee back when my best option for that was Jim Cramer!
ARE we working fewer hours? I feel like people who claim that are only taking into account employees who earn a wage. Small business owners and freelancers will tell you that the number of hours they work can be as high as 100 hours a week or more. EDIT: Aaaand you talked about this like, 45 seconds later, lol
Greek here. We ALREADY had a six-day per week routine, without being paid more, or having an extra day off. I myself used to work this way. Let's hope that from now on, the people working like this will at least be financially secured
Everyone will be getting the same salary, companies will only update your contract and add 1 day to your working days making your working hours essentially cheaper for them because they will pay you the same and add more hours. Do you really think companies will say: "oh, poor employees, they will work more so therefore, I will raise all of my staff's salary"? They barely raise your income after 4 years
You are working 6 days? I got 1 day off a month, and I had to fight with my boss to get it. He told me "if you don't work when you're young when will you do?" when I asked for it. Was working from 08:00 to 20:00 also.
I figured that must have been the case if the working conditions are so bad in Greece. In the US a lot of people my age are working 80 hours a week, and while overtime is lawfully required here, it isn't required if you have more than one job, which is why people end up working 80 hours a week. Do Greeks work multiple jobs too? If so are they gonna be forced to work 100 hours?? That's crazy! Sure you'll get the pay but this'll be the death of many people 😢
Greek here. The 6-day work week WILL NOT succeed! How do I know: As some of you know, Greece is pretty famous for our islands and our summer vacations... to outsider tourists. For the last 15 years or so, all of us that work seasonal work at beach bars, hotels, taverns, etc. work 7 days a week. NO day off during the entire summer. Since 2019, we dont work seasonal jobs anymore. Every year, that sector has less and less employees. Many people dont even apply to job listings @ hotels, beach bars, taverns or literally ANY job that is on an island. Those of us that do apply, interview the employers instead. If he tells us that the job is 7/7, we dont even re-appear. Greek tourism has close to 100.000 job vacancies in tourism alone for this summer. If you sincerely think that a system close to that will succeed, dont worry, there is NO chance this will happen.
This sounds weird to me. Don't you guys have labor laws? And with over 20 % unemployment, would it not be easy for employers to conform to these laws by simply hiring enough people to distribute the working hours among more people? What am I missing?
@@Volkbrecht most business owners dont care, workers dont have money to go to court. When you are in a shit situation and you need to put food on the table for your kids then you shut up and do whatever it takes.
@@tzoanast1061 now that the norm is 6 days, they will force a 7 days unofficial working schedules. Never was anyone checking the businesses and they are not going to start now. also, still, jobs just can say "it'll be unofficial" like they have done for all these years. ~every single person has his fetish, but bootlicking should be kinkshamed hard~
@@lunayen Instead how about you return to the style of the 1950's with one bread-winner and one home-maker, stopping this two-worker-household crap entirely?
@@HolyFurryFish1998 in the 1950s companies paid (relatively speaking) a ton more, and things costed a lot less. Most families today cant afford to just have one person working.
I REALLY like your video ending on a short, two sentence conclusion which helps memorizing what you explained better I often found myself jumping trough other videos of you again after watching them to make short mental notes of what the points where your summary really helps keeping the information ty :)
@@philallen7626 Indian birthrates are already plummeting, they're only _just_ above replacement as is, and birthrates in the developed world, where people work far less, are even lower!
Because this news is actually misreported everywhere... First of all, this new law only applies to industries operating in a continuous basis, meaning 24/7, but this excludes the tourism sector. Then, the problem in this sector was for a long time that many people were working 6 or 7 days a week illegally, and getting paid for only 5 days. Now, those people at least get compensated, since they will get paid 140% iirc on the 6th day, or in some cases even more.
Before I moved to Germany I was a construction worker in Australia. It was completely normal to work 12 hour days (11.5 with a half hour break) 6 days a week. That doesn't include travel time to and from the jobsite either. 72 hours a week in total. While it was very well paid, I'm glad I'm out of that schedule, and in Germany I work a much more manageable 48 hours a week, but its over 5 days. Not 6.
More working hours won't necessarily translate to more productivity or a revitalized economy. The situation might deteriorate and drive away the remaining young workforce.
Brazil also has the 6 days a week work, the result is just people stretching their work to fill the time doing really bad or neglecting their activities, long hours with low salaries will never increase productivity
I am Greek. Last summer I was working 6/7 in a hotel seasonally, not fully legally of course. Most of my colleagues worked 7/7, it's standard during the season, often for over 8h. This year I moved to Belgium for an office job and it feels too good to be true. I had forgotten that benefits on top of your basic salary exist.
@@tempestandacomputer6951 They also came up from poor backwaters to world leading economies from it. Their issues, some of which I am aware of, are much less than the benefits.
@@tempestandacomputer6951 Japan and Korea being the safest and longest lived countries in the world is a pretty good problem to have. Their "economic catastrophe" basically boils down to they might have to reallocate an additional 5% of gdp to elder care. small price to pay for overall excellent outcomes.
A decade ago our new CEO changed our hours from 35 hrs/week to 40. He had a completely questionable rationale but whatever. The reality is, we're almost all white collar workers sitting at laptops. And now we work from home 3 days/week. Obviously this didn't increase productivity. It only pissed everybody off in part because it was a pay cut. 🙄 If you aren't making widgets in a factory, adding hours doesn't necessarily mean higher productivity.
I myself work 6 days a week but it is because I want to and I might not want to in the future when I am satisfied with what I have. And this is a crucial difference: choice vs. obligation.
@bullydungeon9631 cause no one is gung ho to work their fingers to the bones, but quiet as its kept the US has already done this with the steady increase on the retirement age
@@labelmeposh Retirement age increase is more because free healthcare for 65+ has them living much longer than the system was designed for, plus there are less youth to support it. I recommend every american reading this to login to the social securitiy website and see how much you are expected to be paid in retirement, if it is enough to live on and make sure your life plans fit accordingly. If it is not, maybe vote for people who arent actively saying they will defund it.
6 day work weeks are already becoming more common in "right to work" states. Not office work, but physically strenuous work. Which makes this even more ridiculous and exploitative.
@butterfish-g9f it's downright degrading and no one wants to walk out and hold these jobs accountable. I wanted to walk out because my old job was LITERALLY CHARGING us to park in the garage that THEY LEASE..and people in the company told on me.
@@RaptureHead1993 lol I did city carrier in USPS for 3 week. -They put me work 7 day a week without telling me -paying less per hour than Amazon delivery driver -and Sunday they want to send me to other station
I worked in a place with "occasional" 6 day weeks during "high demand" that very quickly became a permanent 6-day week...I will not be signing another contract like that
@@jimmyking92 So by enabling gay marriage you get baptized as a progressive leftist ? 😂 Any other policies don't matter I guess , you can enforce the worst policies for your citizens and they all wash away from 1 supposedly woke policy that's so nice.
Israel here: 10h daily is basically a must no matter what field we talking about, public transport exists but it will literally take you 1h+ to get to place 20km from you, so you either need to spend 2+ hours daily on road itself or you HAVE to buy a car. Driving in this country is another nightmare.
Israel also has other things going on though, so improvement is actually relatively difficult to achieve in my opinion(though on the other hand, Israel also isn't suffering as much from a population decline... assuming most groups have a similar number of babies, of which I'm not convinced) some public transit does seem to be seeing some improvement but the PM and the ministers working for him are... not great...
It's alarming how the introduction of the 6-day work week is being perceived as a solution. While it might temporarily boost the productivity, the long-term repercussions on the workforce could be devastating.
Compensating for an aging population by making workers more exhausted and having them spend less time at home, is a terrible idea for population growth. They should learn from Japan and South Korea (what not to do)
I am an Indian Just quit a job which is 12 hrs per day for 6 days a week and only 15 min lunch break And the salary is ₹15000 per month India is much worse
@@ogre706 Bruh, just because they have it better it doesn’t mean that it’s healthy. Neither India, nor the USA should have 40 work week or more. 20-32 would be enough because people can’t actually work and stay productive for 8 hours.
Graduated chemical engineering in 2018. Despite all my friends leaving for other european countries (Germamy, England, USA, etc.) I stayed to support my country, my family and work with terrible wages. That is the way of government to say "thank you".
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So their workers are already frequently fleeing the country for better salary and working conditions, and their response was to make both worse?
Yeah, that's pretty much it.
Lol@@HowMoneyWorks
You don't hace unemployment if people leave.
Yes😮
Mismanagement and living large is a bit of a Greek thing.think back to the Euro crisis and the massive bailout of greece
Funny how worker-orientated changes need to be “tested,” but capital-oriented policy can just be written into law without even the most basic due diligence.
It is all done to serve the capital owners, the ones at the very top.
When are you people going to understand that?
I am tired of preaching, and I am annoying, I know.
But you wont see anything else, ever.
Human well-being will always come SECONDARY, and maximizing profits at all costs will always be the PRIMARY goal.
That's what its all about.
If you care about yourself and humanity in general, you would never support this system. It is utterly corrupt.
@@morpheas768He's being sarcastic 💀💀💀
I don’t think he is…
@@morpheas768 capitalism baby
@@Carman_Voice_of_Distortion I like when someone decides someone else was sarcastic, even though it has no hint of sarcasm
From the brilliant minds that brought you “Just print more money, lol” comes the exciting new project “Just work more, lol”
Greece 2: Six Nights of Gyros
mmmmmmhhhh I'm not sure about your first assumption
@@Fedethedangerous95 The value of the dollar stop being backed by gold in 1971. The dollar is a fiat currency and we just create more out of thin air.
Just print more money is a scheme, not a blunder
@@guyinpajamas9818correction, the dollar is backed up by the u.s navy
As a Mexican who has been working 48 hours a week, 6 days of the week for ALL of my adult life, I can tell you that schedule is a nightmare. You are always tired, you have no time for yourself, it has a very bad effect on psychology and health.
And for all of those paragons of "economics" arguing about productivity, it has been proven by several studies done in several countries that productivity actually declines with 6-day, 48-hour- weeks.
Don't tell the bosses that though. They know best and don't want to hear it.
They are paragons of slavery. They sit in houses filled with opulence and wealth, far removed from reality.
This kind of schedule creates resentful saboteurs. They will eventually learn.
@@ogre706it's not about productivity. It's about making you tired and complacent.
ah. I been working 60hr a week, 5 days basically for last 7 years. It's definitely pushing my limit, at age 35 I no longer can do that without just crashing at the end of the day.
How to turn your bad economy into an even worse economy
This is basically China's 996 system
@@mr.g4099guess who let such bad enforcrment of schedules happens?
The managers, executives have all the incentives in the world to enforce it. Yet they dont
@@mr.g4099 The reality is a little bit more complicated than your super-simple explanation and reasoning.
@@chrispap8836 Greece lived since world war two on a credit line. Now it's only time to pay it back. It's that simple.
Yea this will just accelerate brain drain.
Japan already has this technically. Most contracts pay you for overtime with the expectation you work at least 10 hours per day. The result is a high suicide rate.
And barely any children being born. Don’t forget that. Oh, and the depression and anxiety that comes with it.
Thanks Lord for your salvation
@@Hrrrrrrrrrreng As if the USA is any different. The USA has been doing this for 40+ years with not a bit of worker protections, time off, or any healthcare. Welcome to our world!
@@gregorybiestek3431the USA is actually quite different from the US in some regards. On paper Japan actually does offer some decent amenities that the US deprives it's workforce but the culture there makes it basically impossible to cash in on any of it. If you have any interest in climbing the ladder it is basically impossible to take any time off. It's also viewed as discourteous to clock out before the boss, which results in crazy amounts of unpaid OT. If you aren't willing to put up with it, they will just completely bypass you on promotions. You can leave the company if you want but things may not actually improve, often even with experience you need to start from the bottom again.
japan has a really weird fetish culture built around being a workaholic. like they even commit seppuku if they did something wrong with their work. i have no idea how the youngsters of the country feel like but if they don't do something soon they will have to endure this shit for their entire lives like their elders.
This is the national equivalent of "we just let go of a bunch of workers but we can just make the remaining workers harders."
This is more advanced "If we're poor we will just print more money"
You know, I bet the guys between the idea also believe nine women can make a baby in one month.
@@realdragon Greece can't print money, they're bound to euro
China, Japan and South Korea be like:
@@realdragon greece can't print money, they're bound to euro
You know, what elderly people need most, is for their children to have even less time to visit them and help them out. Genius!
who needs children to visit you in your old age when you can have complete strangers with minimal training who see you as a nuisance between them and their paycheck
@@neuxell But don't worry, those nurses won't be able to arrive at retirement homes in the first place when the public transportation won't work because maintenance workers will also be undertrained and overworked.
But isn't that what they're making us do?? Or want us to do? Work?
Capitalism doesn't give a fuck about elderly people, and would rather have them all dead, so they can get those old guy's retirement money for them instead.
@@minhducnguyen9276 and they might die anyway regardless when the underfunded power system goes out
This is insane. "Breaks are productive" is my favorite quote. "You can't squeeze blood from a stone" is another one. Like my goodness. People need to be rested to be productive, it's not that hard.
Slaves are an asset and need not be worked to death...But employees are different....Just use them up and hire the next desperate one waiting at the door!
Always keep a surplus of labor and a shortage of jobs! ....It is a strategy...
But then a new issue arises... If youre rested, that means you have less stress, more energy and more free time to think and if you are allowed to think that means you will eventually realize the absolute modern slavery that are "jobs" and this entire modern day system... And THEY do not want that at any cost!
Thats why im selling used cars, illegally of course, tax free and ear anywhere from 6 to 15 thousand a month.
@@nogerboher5266 keep boasting about it on the internet
the goverment doesnt have its eyes and ears here
@@nogerboher5266 True, most people never evolved mentally because they were too busy working.
@@roobertmaxity They can't do anything about it in almost every country in the world. Even in first world countries like US and all of Europe. Reselling used stuff as a primary source of income without having a business or a company to your name, is illegal only on paper and only if it's done in a large scale. There's no laws against you having 2-3 or even 4 cars, so even if police comes to your door, you can just keep saying you're buying new cars for yourself and then selling them because you don't like them.
If you know what you're doing with cars, you know that you never keep more than 3, maybe 4 cars at a time and then as soon as you sell one, you buy another one to always keep maximum profit flow... Nobody's gonna be suspicious of you owning 3-4 cars, especially if you have a wife or a partner.
That's why police and gvt donsn't bother with people who do it like this. They only catch people who keep like 5, 10, 15 or more cars at a time because they can actually prove it and get you to prison.
I've been doing this for almost 12 years now, after being forced to work in a metalwork factory, 6 days a week, up to 11 hours a day, having to also waste about 1 hour on getting ready for work and then almost 2 hours of travel time going to work and back home - and with only 14 days of vacation time per year... Yeah, no thanks...
I'm never working EVER again a day in my life.
The lady in the first 54 seconds explained it all. Basically a gradual return to feudalism: "take it or leave it", with "leave it" being "starve".
Yes, that kind of situation happened also in Italy, especially in restaurant jobs. The result of this way of treating workers is that now nobody works anymore as cook or waiter, many shifted to factories or other jobs re starting from zero. Restaurant and hotel owners are desperate for the lacking of workers and cries like babies for a situation THEY created. And i, as a ex cook, laught like a madman😊.
The threat :"i don't care if you fire yourself, i got plenty of people outside my door ready to take your place!" worked for a time until COVID and birth winter became a real thing
Well… there’s always that other thing peasants did when there was a famine. But my lawyer recommends I not say it.
@@alessiogiuffrida6172how can Italy mismanage restaurant jobs so hard, that’s like the whole reason people go to Italy.
Fuckwit sadistic power tripping boomers and giga corpos hoarding entire countries worth of wealth. That's literally the whole reason.
At least serfs have some form of guaranteed vacation time.
6? Why not 7? Look at india and it's working wonders for them. Everyone is rich and happy and not stressed at all and there's no unemployment and everyone can afford to buy a house and rent and eat food. The government's media told me that's true, so it must be. Yep. Totally an awesome step towards becoming the best country to live in.
I can't wait when our favorite corporations make us work 7 days a week, and rewards our hard work with a wellness room (max usage time 3 minutes)
I still struggle to understand sarcasm, this is that right?
@saulhernandezaguilar8383 yes, it is.
@@saulhernandezaguilar8383its pretty bad when satire is hard to distinguish from reality. We going thru some rough times friend.
@@saulhernandezaguilar8383 Yes, yes it is.
"Just work 7 days a week bro!"
"Just eat bugs bro. Just skip breakfast bro. Just own nothing bro. Just be happy bro."
Just sleep in the pod bro.
@snark567 just live in you 4×4 foot apartment bro
Just use your drugs bro!
Just stop being poor Bro! 😮
@@Darren_117ah the humble closet
As someone who has to work six days a week to make ends meet, FUCK THAT.
Sorry you have to deal with that
You pay taxes to increase inflation.... good luck
Same
@@Elo-Ken Paying taxes reduces inflation tho.
@@tomlxyz That only depends on how that money is spent. If that money is given to a large number of very low income people, than they will spend it immediately on consumer goods (obviously) and so the demand and prices for those goods will increase, and so if money goes from people that do not spend as much as often to those who spend it as soon as it touches their hand (duh that's what the needy do, because they have needs) it will still cause a net inflation in the consumer price index (inflation).
Now the real question is: how do you help the poor without causing inflation? How do you have government spending without causing inflation? It gets tricky when you look at the big picture. Inflation is just the cost of doing what needs to be done.
"In order to correct for the young parts of the population leaving to find better, more comfortable jobs elsewhere, Greece is making their jobs worse and less comfortable"
Great idea. What could possibly go wrong?
The problem is, what if you can't leave, financially, socially, or physically?
@@dannybeane2069 Then you're the next best thing to a "Nonconsentual employee" if you catch my meaning.
So they're helots?
@@dannybeane2069 You wont get married and will not have children.
@@dannybeane2069Then you’re essentially a slave.
The jobs they're choosing to make into 6 day work weeks shows there's pure evil behind the scenes.
They know they can't do that to the high paying ones bc these people specifically have the luxury to leave Greece if they want to.
People of low income (parents, young people, immigrants, working class people with no "connections") who do work in service industries, retail, construction and factories sometimes don't have the money or even the required papers to leave to EU countries easily 😢
The government (that backs up neoliberal policies) can really do anything they want and that's scary.
I live there and the reason they passed this law is because Greece is governed by businessmen. The Hotel owners, Restaurant Owners, Beach Bar owners and in general the businessmen who work in the tourist industry talked to the prime minister and told him to pass this law because a lot of Greeks didn't want to work for terrible wages in inhumane environments. The hotels didn't have employees because nobody wanted to work after covid for minimum wage 12 hours a day no day off. Every year they say on the news that the year was very productive and good for the tourism industry but the profit these owners see is never going to the workers. Despite them having growth every year the salaries stay the same for us and people are seriously getting fed up, but the government as always has the backs of the businessmen.
Remember when employees used to burn down their workplace when they were displeased? Good times.
The reason this is working because most employees are glorified slaves.
@@Datbwoi-b1qfr. People are far too complacent these days
Hey anyone remember when in the 50-60s most economists generally agreed that by the 2030s the work week would be less then 20 hours a week (4 hours a day)
The 20 hour work week was also based on the current population growth and economic growth, both of which drastically slowed over time, and with a aging population it becomes harder to shorten work hours, either way we SHOULD be working less then we are.
Yeahh we aint gettin The Jetsons Scifi future, we're getting the Bladerunner SciFi future but more mundane. If we're lucky maybe after all the bladerunner dystopia shit we'll end up in the Star Trek SciFi future, but Im not an optimist.
@KazuhiraMiller-e7o exactly, this whole charade benefits no one, people waste their time and companies constantly obsess about productivity even when there is no work to be done
@@samuelspace101 Oh no, economic growth exploded exponentially. But the governments and corporation greed made it impossible.
We could easily make it possible but the government want a busy population because it doesn't have the time to think , especially to think they might be exploited.
The corporation doesn't want a population which have time on their hand , because the people might create their own business and compete with them.
It is in the best interest for both to keep you busy as much as possible.
@KazuhiraMiller-e7oAnd they get paid six figure salaries to do so lol
Unless its a hour a day, six days a week, am not turning up for work six days a week. Countries aren't doing anything to address the aging population so now they want to make us work more? How long before you have no population?
Countries are making it harder and harder to afford and raise children, then lament why their population is shriking and aging.
Well let's be real immigration is a very good way to address this but countries don't want to do that and those that have, immigrants are fast becoming a second class citizen
If they keep doing that, humans will stop reproducing and humanity will go extinct. And then *Michael Jackson* will return from the dead and will finish the *HIStory World Tour.*
@@dylann6800 In Germany it shows that Immigrants don’t help an Aging population. 2nd or 3rd gen Immigrants have also 0-2 children like the Native population. So immigration only is prolonging the inevitable case of an Economic Crash. Also it’s dividing the Population.
As long as you can afford this attitude, you can afford it. All Greece did is open up the legal corridor for labor. Now it's up to the companies to battle things out with the unions. Germany for instance has never not had 6 legal work days per week, legally companies only need to pay us a bonus on Sundays and bank holidays.
4 day work week literally boosts every area of life and economic prosperity. Everyone would win.
Not the ones at the top, they would loose control.
@@larsenconditioning6742 it's enrichment for them. They need it.
@@larsenconditioning6742 I don't care for the rich 1% at the top.
I've reached that point, and I suspect many have, to just get rid of both them and their Capitalism....
It's innevitable, the question is when and how it will be done.
@@AdmiralBison I do not care for them either, im just saying those would not win however everybody else would win big time. It is crazy to think there are billioniares, just stacking more and more money, and not using that wealth to help.
@@larsenconditioning6742 That's what Capitalism is.
*Capitalism* as its name suggests is a central preoccupation revolves around the accruing of Capital
(especially by those mostly who already have vast sums of it either by ill-gotten means or just straight up nepotism)
It's a terrible system anyhow, that really only appeals to our primitive worst nature. (Greed)
Greed is like a survival instinct that's completely gone wrong.
I think we are on the right track by no longer accepting this system and to focus on the more important actual valuable things.
Quality time, health, resources etc...
and we ought have a system that reflects our values.
The Human condition - healthcare, mental health, emotional and spiritual support, community and culture
Resources - Housing for all, Nutritious food for all - We have Science, Technology and very, very smart people that help with that.
The environment and world we live in.
I say let's tax the rich, use that to fund this transition to a new system and have it benefit all and not just 1% population.
I no longer accept Capitalism.
lol "young people need to work harder" while at the same time has given no opportunity to work is just insane. Seems like the quality of life is just going to the trash these days.
They complain about young people but everything they say is true for them instead
@@chamberv5261boomers are the worst generation ever
Well, the most popular phrase young people hear in Greece by the elderly is "you're young, you can take it"... take what you might ask? Everything... literally everything...
Yea whats crazy is we have pushed our technology very far, only to get to a point where we cannot really use it cause everyone are busy working all the time.
At this point I believe that we just live in a giant psyop
they're literally doing what youtube did with ads, people are using adblock so they shove even more ads onto those without, leading even more people to get adblock
How are they supposed to earn money?
@@blugaledoh2669 Being a nice company so peopel feel compeled to pay them?
@@blugaledoh2669
Make. The ads less intrusive (like they used to- limit it to banner ads, 1 pre-video ad max) and more people will unblock.
Or just accept that RUclips (or Google) is already heavily subsidized by the government. So we all pay for it indirectly anyway.
@@blugaledoh2669 by not doing what they did and driving more people towards adblock?
@@blugaledoh2669 The source of the problem is that no matter how much they earn, they always want more.
It's nice to see America isn't the only idiots who don't understand people at all, and think people just need to be less 'lazy'
We understand people very well thank you. After all we have been treating our serfs - I mean our employees - this way for more than 40 years. Greece is still too generous with giving everybody healthcare and social benefits, so the corporations still have some work to do.
Less taxes more pay. The hours can stay at 40. Government cuts all social programs. Workers keep their pay. Welfare recipients get the boot because they don’t work. Nothing less.
@@TheMilhouseExperience The USA states of Georgia, Mississippi, and Kansas are well on their way to making that a reality.
This shit is happenning everywhere. I am getting really tired of these mfing politicians
more like do not see them as people at all
7 day work week, retire at never and 50 year mortgage. While 0.01 percent make bank
The "Gilded Age" 2.0...
Reagan approves
pretty lazy, everyone should work at least 8 days per week
except me of course
An unbelievable tragedy that we live in a world where politicians and corporations view human beings as property and objects.
You should be grateful that your betters in the 0.01% give you a job at all you communist.
I was shocked when I was talking to service staff on my vacation in the restaurant in Crete Greece. The staff there is working every single day for 16 hours. Yes you read it right. They come at 8 am and leave at 1 am in the night. Then they come back in the morning. Every single day. I just can't comprehend this. And I'm from Europe as well.
Exactly this, the average working in tourism is 12 hours each day and 7 days a week. The paying also is usually not legal, they pay officially the minimun wage and give the rest under the table, to avoid the extra taxes, pension etc. Also many times they don't pay at all
i worked like those hours at a restaurant part time, alongside the people that did it full time. the workforce slowly all quit and i watched the establishment bankrupt it was quite funny.
You met modern slaves. How does that feel?
I remember what kind of shifts I used to do when I was a cook, back in 2012: from 8:00AM to 3:00PM and then 5:00PM to 1:00AM, 6 days per week (unless it was summer: in that case, no rest for the wicked because you had to cover the whole effin' week).
No turning back, I swear to god
A reminder that not even slaves during feudalism were working in such a brutal time schedule
I do work 6 days a week and I STILL get called in on my days off.
Same. Working 12-14 hours 6/1 as car mechanic.
*day
get a life
@@lilSon-bo3nc ?
@@lilSon-bo3nc You are clearly a kid, it doesnt work like that for the average person due to how things are we are FORCED to work more just to get food.
If Greece increases the work hours and week to 16 hour days 7 days a week, their economy will double without any negatives. This is absolutely brilliant. Not only that but people will die before they even reach retirement age which is a double bonus for the country.
~sarcasm
Don’t tell them how to do it!
Not only that but people will die before they even reach retirement age which is a double bonus for the country
hmmmmmmmmmmmmmmmmmmmmmmm
That's some Timberborn stuff!
6 days? Fuck that
In LATAM 6 days a week is normal. It's cruel.
@@demetriusperminter8419 Yup. On my last job, I ended up working 10h daily, except fridays, so I could get another day's rest on sturday. Still awful.
@@demetriusperminter8419I've been having job anger the past few weeks here in Portugal but after reading that I feel like I have no right to complain.
Sheet ROI for working 996 chin* style
Just say Latin America you bozo.
Here in Brazil we have a 6x1 work routine, from 07:00 AM to 17:00-18:00 PM and sometimes even until 19:00. it is HELL ON EARTH we began a movement called "life beyond work" to hopefully change something. If you government start talking about implementing 6x1 work week,
PROTEST! Don't let them do it, go to the streets, do everything you can to stop it. You don't need to give your whole life to make other people rich, LIVE YOUR LIFE
Edit: And btw, 6x1 means 6 days working, 1 day off, mostly on sundays
Industrialists just want you to unalive yourself.
Don't do it. You're a good person, and you deserve good things.
Live out of spite if nothing else.
No thats far from the truth, they dont even know that you Are exist. They bleed the workers dry while totally ignoring that These workers Are consumers of goods they sell.
Industrialist don't want you to off yourself, they want you happy and healthy, and working diligently, can't forget about working diligently.
They don't want you to do that. They want you constantly in debt so you can work more hours so you can make barely enough to survive.
They don't want you to off yourself. They just want you to be like a feudal serf or a sharecropper, constantly in debt so you work more hours while making less because everything else goes back to paying them back.
I didn't think it's a side hustle anymore if you need it for life 💀
It's just a second job at that point lol. People will do anything to avoid acknowledging the reality that they're poor. If they do, they'll blame themselves instead of the people who robbed them. People need to stand up for themselves and for each other or we're all going to go back to serfdom.
Especially YT doesn't always start out like that, people are genuinely passionate about it, but... sigh, it's the same as indie game development. It's honestly terribly hard a job to succeed in. In most countries on Earth (where you don't have access to half a billion affluent English speakers and whatever niche you wish to explore you'll always find some audience), only the top tier will monetize enough to make ends meet.
From the moment side hustles became common, it was inevitable they would become necessary. The price of goods and services is "what the market will bear." So as soon as enough people got a bit more money in their pockets, it was a given that businesses would ratchet up the cost of everything.
It was the same thing when households moved from having one breadwinner to two. Doubling household income gave license for household expenses to be doubled as well. "You have to run as fast as you can just to stay where you are."
@@billberg1264 You start keeping up the pace, they start switching up the tempo.
@@Pacemaker_fgc Bro the serfs worked like 150 days a year, had mandated Sundays off, and had more protections by the Church than by anything short of the 1950's unions. Yeah, you had no "freedoms" as we would conceive of them, but you were required to be protected and if the local lord got too bad you could bring it up to the Church and they'd probably sign off on you killing him.
The serfs (as long as you weren't English) lived what could be argued to be a better, happier life than how we live today.
If your people are leaving to find better work the solution is NOT to make working conditions even worse.
Long working hours are a hallmark of well compensated professions, but looking at that and thinking that you can make everyone well compensated simply by making them work more is literal cargo cult thinking.
Mistaking cause and correlation.
Nobody claimed that Greek workers would be compensated better. This is just the usual economic rat race around the world. Countries trying to undercut each other's labor costs to haul in production jobs, while at the same time trying reduce the cost of the welfare state.
It’s not just a hallmark of high-paid professionals - there are plenty of not-so-well paid jobs that all but expect you to be available to work whenever, wherever (security services come to mind - I can’t tell you how many times I have been called up on my days off to put in 10-12 hour shifts at posts on the other side of town..).
@@wilberwhateley7569 Factory workers as well. 12 hour shifts, and then sometimes mandatory weekends where you give up one of your days off.
@@wilberwhateley7569thank you, as a security guard I often worked 80 hours a week. Not 40.
I don’t even want to work 5 days a week. Friday is weekend-eve
That's why you you will never archive success. 😮
@@fps6612Define success ?
@@fps6612bro is the manager's pet who thinks they'll get a raise
You and me both. Working towards a 4 day work week at my job so I can actually try to enjoy life. It's sad that people think you should have to work like a slave as a standard. F that BS.
@@fps6612i personally define success by how little I have to work and the more time I have to persue things I actually like and want to do
Y'know there was a time where people literally burned down factories if bosses tried to pull stuff like this. We used to be a proper country.
I lived in Germany for awhile. Most of my friends ended up being Greeks and Italians. I hear the same story from them both. "I came here for work and to make money, but I want to go back to relax." It's a lot like the FIRE movement in the US, Canada, Australia, and formerly the UK. Go to Switzerland, Germany, and Austria for work, retire in Greece, Italy, or maybe Spain. This will definitely cause mayhem for the latter 3's welfare system, with their constant brain drain, rapidly aging population, and a lack of diverse industry.
People want to retire in spain, italy and greece because of weather and attractions. It's like people retiring to Florida or Arizona. The only difference is that Florida and Arizona have managed to create thriving economies that attract younger people in the past couple of decades. There is just nothing to see or do in Germany really. It's like living in the mid-west here in the USA. Spain, italy and greece have beeches and warm weather and quaint communities.
Don't worry Italy has a "submerged" economy that can't be perceived by technical data, we just have a political class made of clowns.
I don't know if the situation is the same in Spain and Greece.
Italy is the second industrial power in Europe behind Germany... I wouldn't call that lack of diverse industry quite the contrary Italy has very diverse industry. Then I agree with the other points.
@@collin9085 That's funny, I'm from Belgium and frequently go to parties and gigs in Germany, there is like a major city every hour in any direction, how can you get bored? Meanwhile i know both Italians who moved to Germany/Belgium/Netherlands who say Italy ain't shit and people from places like Germany and Sweden who lived in Italy for a while and also said that aside from the weather they tought Italy was kinda dull.
I guess opinions differ greatly. But the thing you hear constantly is that places like Greece or Italy or great on vacation but not to live.
Looking at the Greek working hours, they should only return to relax when they retire.
My job did a 5 day 12 hour a day workweek. Everybody quit doing anything, and I guarantee productivity dropped significantly. Finally, just before a year had passed, they went back to 5 8's.
I am curious how would you feel about 4 day 10 hour work schedule?
@@kurtfrederiksen5538 It probably wouldn't be too bad. Those 12's started as 3 12's and a 4 hour shift. That was decent for the 3 weeks before it morphed into the 5 12's.
@kurtfrederiksen5538 I did 4 10s at a casino and loved it. Then my manager managed to always split it so I has to cover other shifts and be the main week grave guy. I got sick and fired for missing too much. No insurance, and all because I asked for a reliable weekend.
Had a company try to work me 6-7 days a week for three months. I called in sick after working 5 days every week and when they told me i was going to get fired, i told them they were violating OSHA regulations and ill see them after my weekend. They then fired a whole bunch of people because there was no more orders to fill and the food was just sitting in a fridge for another three months. They did ended up firing me for being injured on the job later. But i was so exhausted i didnt care. Nearly every company does this shit if they can get away with it.
Sue those fuckers
I literally quit my 20 year career where I was on track to be CEO in 10 years because my work life balance was trash plus it was killing my mental and physical health. Why do we hate people so much but love fictions of paper?
Easy to say when you're Content economically. When you don't have money, it's the only thing that matters; Maslow's heirarchy of needs and all that.
#AdrenalineAddictionCrisis . Where the main pushers are addicts too 🤷🏾♀️
"Why do we hate people so much" uhhh speak for yourself?? Not sure why you're ascribing this to "we" as a collective.
@@HeroSword_Pcompletely missed what he meant. He’s talking about the treatment of humans by corporations, humanity essentially
@@tumultoustortellinithat's just human desires being never ending
Weird idea. Make your country competitive to others by giving worker's more paid time off, living wages, access to healthcare, and less time needed to work a day
Whoah there, that sounds like actual economics. Here in America we only use that new-fangled Voodoo Economics.
@@chernobyl169 you mean trickle on... i mean trickle down economics?
Careful now, might get called a woke communist enemy of the people
I don't think they want to do that......... Immigration is very easy to get anyway, between Somalia and Greece there is still an universe of difference.
Greece can't print money, they're bound to euro
In my experience, when a company asks you to work more hours than usual, they do what they can to mitigate the cost of paying you more for those extra hours. Wouldn't be surprised if new hires get paid less per hour
that is an amazing way to make sure more and more people leave, and the ones who are stuck in Greece work slower and slower as they get more and more tired.
Just make them stay at work 24 hours 8 days a week to compensate. /s
Its wrong.
Its basically a way to filter out lazier workers and send them into other countries to leech on them..
I might be wrong but most developed and advance countries are actually the hyper productive countries like usa, china, singapore, etc.
@@mid-boss6461only 24 hours a day? c'mon bro, we can squeeze out more hours.
I am Greek, living and working in Greece.
We deserve all the outcry we receive.
Ofc our media push it under the rug. Forest fires and heatwaves make for much more important news.
Even serious forest fires are put under the rug unfortunately.
@@soclvs Probably cause the fire fighters are only working 5 days haha
@@soclvs when 1 of the 3 major newscasters is married to the PM’s brother, kinda prepares ppl for the sort of journalism they gonna get out of tv.
They don’t even bother keeping appearances anymore, they are here for the money grab and that’s all they gonna do.
Yet we vote for them 🤡
Rise Son of Sparta
@@Unknown-ki8ykwithout wanting to be a history nerd, neo-greeks are not the descendents of ancient Greeks whatsoever. With that being said, any human shouldn't accept this. The problem is that greek media pushes insane capitalist propaganda and unimportant news. People are outraged about stuff that isn't even real while starving. Greek people will gladly participate in fascist rallies or "family pride" but they won't join a union to protest about their rights because that's too "extremist" and "only weak people complain". All that while the brightest minds leave the country while a few hardworking and honest people who don't come from rich or middle class families with a satisfying income are stuck
The elderly were the people that got Greece into this mess in the first place, with their poor choices of politicians. Rather than do a 6 day working week, raise the retirement age and cut pensions.
We should scrap all public pensions
Fair. The youth shouldn't pay for the poor choices the boomers they're sustaining made.
This happens in Brazil too. After the last work reform, our 44 hour workweek became "flexible" and now we can work 8 hours a day for six days a week (which is terrible) or work 12h nonstop then rest 36h (which is a hell hole).
On to the other side: nations that are trying to reduce workhours do that because their production levels are VERY high. Thus François works 6 hours a day because he works as a "desk jockey" and manages 8 CNCs that are producing what a small team of specialized workers used to do in the 80's.
Anyway, Greece and Brazil are trying to move the wheel of time backwards.
This is basically what happens when politicians hire their friends instead of qualified individuals.
@@danielserrano929heeeeeh either way thats what politicians does, the differance is how many of these friends are actually halfway qualified or actually care about their responsability
For better or worse, Brazil has a way easier path towards solving these problems than Greece. It's the most relevant country on the region by far (little reason for people to go to neighbors), is a part of BRICS (directly benefit from having good economic relations with China), 95% of the people does not speak english (hard time getting work abroad), the currency has very low value compared to Dolar and Euro (harder to save enough money to leave to a better country) and abortion is illegal (the natality problem can be controlled by restricting access to sex education and contraceptive methods).
Greece's biggest problem right now are economical, Brazil's are political.
“Oh no! People are leaving! Guess we’ll make working here even LESS attractive! That won’t drive anyone else away!” -The Greek Government
"man, our fire keeps dying out... I know, lets double the amount of wood we put in at once! We'll never run out of wood, right?"
I have a genial idea. Let's just up that to 14 days work week and with that we will more than double the GDP.
get this man into a position of power ASAP
there's only seven days a week, though
@@erkinalp you can work more than 24 hours a day, if you skip breaks :D
You can easily work two jobs at once if you wear a call center headset while doing physical labor at the same time. It's the only way to improve outer exonomy!
If a time machine would be invented, I would not be surprised if it was used for this.
Greece: "We're losing money fast, have an aging population, and no one wants to move here. Any suggestions?"
America: "This sounds bad: but why not secretly make it worse for the young/middle-aged people, but so expensive they cant leave anymore and work 1.5x as much?"
Greece: "Secretly?"
Correction - "...work 1.5x as much AND have a side hustle on top of that."
It's just a speed run of the American economy the last 50 years.
@@RyanNelson0402 The average full-time US employee worked 1757 hours annually in 2017, 182 less hours than 50 years prior. The move to working 6 days per week is the exact opposite of the trend in the US economy over the last 50 years.
Even worse, They will say that workers 'demanded' the 6 day work week after being fed high prices and low wages
@kyleolson9636 The dollar 50 years ago was significantly stronger than it is now, and housing prices were significantly lower. Also, more people today work multiple part-time or gig jobs. Full-time employment is becoming a luxury.
The old saying is; that there are four kinds of countries: developed countries, underdeveloped countries, Japan, and Argentina.
I suggest Adding *Greece* to this
Japan has ended it financial expirement, so I guess Greece can cleanly take its place
Damn! Don't want to work 6 days. I want a four-day work week.
Would you be willing to take a 20% cut for that though
@luisfilipe2023 idk bout him But I would.
@luisfilipe2023 🤔...... It depends on the job. For me, I would so that productive may increase.
Just come to FInland, im hella chilling here
@@arkimaito1544can I really? I'm not white though
I'm not even sort of white like the Hungarians or Turkish or Finnish ones.
From what I've heard, part of the reason for over-time laws is not to prevent people from being overworked, but to encourage companies to hire more workers and reduce overall unemployment. 2 Employees working 30ish hours a week instead of 1 working 60-70. Beyond the optics, this also helps reduce people relying upon government assistance.
So, Greece is deciding to handle its massive unemployment problems with a tactic that will encourage companies to reduce their staff and just work them harder, INCREASING their already ridiculous unemployment.
If you're struggling to put your people to work as is, artificially making their labor _more_ expensive will not reduce your unemployment.
@@robertmartin6800 It's almost like they need to reduce or otherwise limit ceo and executive payment gaps compared to the average worker, so that they aren''t artificially making labour more expensive.
@@tumultoustortellini Spite is a poor basis for public policy. Hurting people who have more money than you or I may feel good, but that doesn't mean it would actually help anyone. I mean, how would that policy actually help? Some of Greece's biggest problems are brain drain and capital flight, wealthy and skilled people leave the country to work and invest elsewhere because they can't make as much money working and investing in Greece, mandating that they make artificially _less_ money would do nothing to stop them from leaving the country, it would only be more incentive for them to leave.
This sort of policymaking is why nations like Greece are so poor in the first place.
@@robertmartin6800 It's not about 'hurting people' or spite for that matter, it's about closing an unjustified gap. Surely you can see the difference between the two? And the 'investors won't stay' argument is BS as well. If that was true, how would countries like Switzerland, Finland and Denmark have such succesful economies? Investors still invest plenty in all kinds of economic sectors there...Why? Because a better balance between the compensation of both capital and labour ultimately results in a higher ROI. So in your example, those investors are leaving Greece for countries where workers are compensated BETTER than in Greece, yet they STILL get a higher ROI....
THAT'S what closing this gap is for....
@@oilslick7010 Firstly, I don't accept that any such gaps are unjustified, what are you basing that on at all? Secondly, I don't accept that those economies are better because they are made artificially more equal. Norway is wealthy because of their oil, it's essentially a petro-state, Switzerland is wealthy because they have a comparatively laisse faire approach to economics, at least by European standards, and Finland is in a very similar position to the Greeks, their economy is small, stagnant, uncompetitive, and their public debt is becoming unsustainable, they've just got a smaller population and a slightly better developed economy, so it's taking longer for them to fold, but they will. In any case, with the exception of Norway, those countries don't see much more foreign investment than the Greeks do, simply less capital flight, although Finland struggles with capital flight too, and I don't understand how you believe your policy will _lessen_ the problem of capital flight, or entice more foreign capital to flow into the country. The only argument you've given is harkening to three countries that don't do what you're suggesting Greece does, and that, with the exception of the Swiss, don't have much better economies in any case.
Greece's economic policymaking is not very different from the rest of Europe, Greece is simply a _very_ poor country, and can't sustain such policies any longer. This is a problem that will affect the rest of Europe in time, as they continue impoverishing themselves.
Every family has a person who breaks the chian of poverty in their house hope you become That one, I pray anyone reading this will be successful in life
To be a successful person in life require him or her of hard work and time
Investment is the key to achieving success with the current economic crisis slowing down business aww
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Increasing work hours for young people and not slashing pensions will please elderly voters who are expected to have more and more voting power due to increase in their share of the population. This will further decrease fertility rates and drive more young people out of the country which in turn, will further increase the share of elderly people in the population and increase their voting power even further. If countries with aging populations fail to break this vicious cycle, youth coups may soon become the biggest threat to democracy.
Democracy clearly isn't working when the demographics itself is so unbalanced leading to gerontocracy. Economically it is already far beyond unsustainable and is only being propped up by ever increasing immigration from the undeveloped high birth rate nations. The decline is obvious now and i don't see an end point to it, this may well be the end of a civilisation.
What good is democracy when it becomes indistinguishable from feudalism? More people left and right are prefering extreme regimes rather than democracy, it speaks volumes to how bad democracy has gotten.
Protests can't be a threat to democracy. Protests are warnings that democracy is disappearing.
Youth Coups? how about and invasive youth group on a nation with an aging army?🤔
Youth coups might be the only way out of this situation. After being oppressed by the old, they may be able to break the cycle once a new government is established.
Dang, our people aren't having any babies!!
you know what we should do?
set a 6 day work week.
-Greece probably
Also South Korea, China, etc.
In Russian they want to fine you each month until you born a child...
People have been underestimating the risk of overpopularion lately
@@David280GGIn third world countries maybe, unless you're implying the western world is overpopulated which would be straight delusion.
@@nightmarepotato5000 no but in the last months the fertility rates around the world have reduced and every video about it makes it look like a catastrophe
About the 4-day work week, since Belgium was given as an example and I happen to be Belgium...what is now legal is the work week 'in' 4 days, meaning the idea of working all your weekly hours in 4 days instead of 5, therefore, it's not actually a reducation in working hours.
That being said, this is not widely adopted because you need to ask yojr employer for approval (this is not a general rule), and they can ofc decline. In practice, I know absolutely no one who was a true 4 day work week, unless they are specifically not working full time.
That being saidw sometimes working 4/5 means a paycut that is not that significant for many people (given how high our taxes are), so they just take it.
So, in practice, the full-time 4-day work week does not exist here.
I(29) work 38 hr's in 4.33 days a week. At my current job that means 105% of full time, but it also includes working nightshifts, dayshifts and morningshifts. I have a 2 year post highschool education.
My girlfriend(26) works 40hr's in 5.0 days a week, 112% of full time. She has a 9 year post highschool education including her masters of criminal law.
We have no debt(student or otherwise) no fancy car, and work a combined 78hr's, but still can't afford a proper house to start a family.
We rather rent for the rest of our lives renting this appartment and not have children than work 6 days a week for a combined 100hr's in order to still be poor.
you don't need a "proper house" to start a family.
@@FullLengthInterstates You also can drive without a seatbelt, but just because it's possible doesn't mean it is automatically a good idea.
By the way, since our generation has constantly seen fuck ups and we're basically told every day things are going to get worse, do we really want to gift our child with this fantastic future? I admire the optimism and courage of my (35 y.o. here) peers having children, but unless you're an above average earner, chanches are you're not going to give them the life you've lived, which was already significantly different from a comparable worker in the 80's and '90s...
@@LykosLykosspitting facts
Question: If everyone works more, and by extension makes more, won't everything become even more expensive, at best giving us the same buying power but for more labor?
Everything get's expensive even when you don't raise wages. As mentioned in the video, wages have not kept up with living expenses. So without the wage increase, you just get more and more f'd while the rich get more chances to hoard everything for themselves.
"Better pay you less to fix that."
Not necessarily. It comes down to cost per production unit. If you run a workshop, an office or other facility, that facility as a whole turns out units per time at a cost rate that consists of labor costs, material costs and fixed asset costs. When you work a day more you put out more units at the same variable cost rate, but the fixed costs decrease relative to the number of units put out. That's an increase in productivity.
That is absolutely correct, and it's why wealth distribution is so important. Some people say that economy is not a zero-sum game, that with higher productivity everyone can earn more and benefit more... Complete BS. Money HAS to come from somewhere. For some people to earn more and be actually able to afford more, other people HAVE to earn less, otherwise the overall ammount of cash in circulation just increases, causing inflation and reducing everyone's purchasing power (the poor lose more, though).
If today it seems like young people can't afford as much as their parents could, it's because wealth is more concentraded on the hands of the rich (higher inequality) than back then. Not trying to sound like Karl Marx here, but in order for workers to actually earn more, the rich HAVE to earn less. Wealth DOES NOT trickle down.
not really. money lose value but it circulates more, and as such people has more staff which should cost less.
In other words, you potentially get more stuff compared to before, so you are "richer".
But the reality is that the more money is produced, the more it goes to whoever has it already, because certain goods are not elastic and can demand higher prices as there is more money in circulation.
See why houses (land really, not the bricks) keep costing more and more
That's an outstandingly good breakdown of the current working conditions in most areas of the world. Really gives a wake up call on the idea of sustaining ourselves off of a second job just to meet ends.
You’d think with such a high unemployment rate governments would have shorter hours spread out over more people to increase employment
but think of the poor CEOs and investors that will not be able to afford their third lambo this month because now instead of 1% of profits being used to pay workers it'll now be 2%
Precisly. When there is sn army of reserve of unemployed, you can force people to work on sny condition
But why pay two chumps minimum wage (each) to work five hours (each) when you can just pay ONE chump minimum wage for ten hours?
(that's angry sarcasm, btw)
And, mind you, I don't know how it is done in Greece, but in some countries that also have 6 day work weeks, like Mexico, the minimum wage is meassured per DAY, not hour. Which means that you get paid the same whether you work ten hours a day or five hours a day (if you get paid minimum, that is).
Why the hell would they be interested in that? High unemployment means they can keep wages low. Also, more workers cause more administrative effort, need more offices/locker rooms And why would the companies care about the unemployed people?
Honestly? We kinda tried that in France, it wasn’t exactly a huge success…..because companies simply asked that the work that was done in 39 hours was done in 35 hours.
I think it's tied to a global phenomenon: The aging population is growing faster than the youth (no time/money/energy to get married and/or raise kids), and a lot of welfare system is based on taxing the working population to fund the elders' healthcare.
The most obvious, short-term solution is of course to increase the working population's output (either increase tax rates or collect more in taxes from longer work hours).
This practice really drains from the working youths, causing mental and physical stress/exhaustion, leading to even less desire to start families when you can barely keep yourself afloat amidst rising costs of living, which means a shrinking working population to pick up the slack.
It's a vicious downward spiral.
And one that the idiots in charge can't seem to understand will lead to society's collapse.
@@clayxros576 No no they DO understand but every leader is acting on the idea of "the one coming after me will deal with the probiems"
And since they all act the problem only gets worse, because theres no easy solution, if theres any in our current society
@@clayxros576 I'd like to think it's the case that they don't understand, but truth is, they don't care, since they're holding the power and money and just want to appease their circles of influence (lawmakers, politicians, big business, wealthy, etc.), rather than make things better for everyone.
When I read the title first, I honestly thought that someone is trying cutting down on hours to 30-32/week and distribute them on those six days, trying to maximize productivity and flexibility while giving the workers less work for the same wage.
Well, I was wrong.
greek here.
Greece has a two big problems .
1st a lot of people worked 6 days a week already but were not reported as .The legal procedures about that were not very clear and many employers just avoided to rpeort that dat cheating the weak enforcment of any work law .The big change here is that you cannot deny working extra day and 40% extra pay for that day isnt that much.Most jobs are exempt from this law but for the ones that do not its a shitshow probably.
The second problem is that greece has serious problem with finding skilled workes ,something that north europe is not strugling with as they have a lot of brain gain.
I think that its a bad idea because productivity is far more important than hours spent working but you need to understand tha greece cannot be judged by most EE countries standard
Actually most greeks that are productive work already alot of overtime.2000H per year as of 2023.
very well informed video!!
Well, just a thought, maybe Greece would find it easier to get some skilled workers IF it wasn’t those already there like shit.
@@laurentleplat333 you understand that quality of life in greek cities and pay is significantly worse than most of the eu countries .To compete with countries like germany is realy difficult .
@@anypoptoslol
There are solutions to that. There are many third world countries with skilled workers that would do anything to live in an european country (even if it's not one of the best).
As a "tech worker" that works 50hrs/week. We are not "Well Compensated" for the stress we're under. Again, adjusted for inflation, we should be making at least 30% more money. And we do not get overtime, we are generally salaried workers and I have often had 60hr work weeks for months at a time with ZERO extra compensation.
Yes. I have done months of back-to-back 80+ hour weeks in tech, often under massive stress - which management will say they "didn't ask [me] to do" ... (but nothing would have been delivered otherwise) ... and usually the best I can hope for is a small bonus one-off. Salary, no overtime. (Working for small software companies, not FAANG)
Same, we are also being outsourced, pushing wages down all the time. I’m making 11% less money in nominal terms then I did 10 years ago, never mind inflation.
German government : Work better, not harder.
Greek government : Work harder, not better.
ok, 6 day work week, what about fixing the brain drain?
no no... just work harder!
You can only flee the country on sundays! Get pack to work peon!
They lost too many brains to fix that, gotta work harder, not smarter
This IS fixing the brain drain. They went with “work harder, not smarter” rather than the reverse. ;-)
The brain will now drain even faster from Greece.
Just so people know.
Greece is a tourism depended state, employing the vast majority of the labour.
The working conditions demanded are mostly working 9 to 10 hour shifts, with no break. Salaries range between €900 and €1500. However, renting is still skyrocketing, whilst employers are not legally obliged to keep rooms for their employees to rest, although the law was ammended just recently.
Still, employees are obliged to work 9 to 10 hours with no break, whilst officially working 6 days a week.
With no break, not even lunch? That's not sustainable, surely they realize this? Right?
@@kalejuice5701the argument is that they are mostly lazy and this will instill discipline and productivity. I wish I was kidding but this is an opinion I hear from some older people a lot.
Very informative thanks. Looks like we might see the collapse of a state in our lifetime.
That must be horrible with the heat as well. I don’t want to do anything in the UK if it’s above 27 degrees
@@agapitoliriawhenever a manager say that he could result if his subordinates were not so lazy, he’s simply admitting to be an awful manager. Here, it’s the same but for a nation.
No one should be doing unpaid overtime. Loosing your free time in exchange for money is one thing. Loosing it to receive a reduced in hourly rate has no redeeming qualities. People have had their good nature taken advantage of to the point when politicians turned it into an expected norm. Outrageous.
We needed a 30 hr 4 day work week YESTERDAY
Exactly. 40 hours is still too much, I think I could do the same amount of work in 32 hours and have more time to myself.
US Corporations: WRITE THAT DOWN!!!
Actually it's more: "shut up shut up shut up: you're suppose to just do it, not say you're doing it."
Please don't give US corporations any ideas..
@@underleftI don't think how badly things are in Greece the last 20 years. I'm more than willing to switch places with you if you want to though. Here's the issue though to keep in mind
1:01 it's actually far worse. The boomers here refuse to open up spaces for younger generations and they asko refuse to let up and either increase wage or loose hours. Instead what they do is demand more hours with more responsibilities from younger generations while the boomers (and those who have connections with them) take EVERYTHING! For example i work around to 126-130 hours a week (most people work 112-116 hours a week) and as you realise we don't have days off and we also don't have the benefits that we have in our contracts, we don't have vacation, we don't get raise nor promotions and don't get paid what we should nor in time while the boomers steal all that for themselves or for their connections. We also get shitted on and are being called lazy by them who had their wealth handed to them and also sold the next 3 younger generations future for their gains. That is why people leave although they can no longer do that considering that they do everything in their powers to cut us off from leaving the country in order to have sl@ves (cause that's what they turned us into) to work for them.
Americans seems to cry about it and i can understand but holy shit what i wouldn't have sacrificed to go there.
Unemployment is an odd concept in an economy where for so many folks it’s necessary to work multiple jobs just to get by. Loose one and you’re counted as employed but suddenly don’t have enough money to live.
The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Jessica Lee Horst who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Its been prov3n that the 4 day work week is more efficient than the 5 day long one, this 6 day long one will only work short term
Before I make my point: I agree with How Money Works' (HMW) central claim. This policy will likely backfire and have negative economic results, not to mention I personally find the idea of "two unpaid hours per day" immoral.
However, while I am just as upset as HMW, I was baffled to hear HMW claim he tries to make things "unbiased" and "tell the story of all sides" (paraphrased). HMW very obviously has his biases (and that's alright, but he tried to act like he doesn't which just isn't true).
Maybe HMW just doesn't know how to interpret data, but there are way too many instances of him completely misinterpreting data to construe the story he is trying to tell.
Take the segment at 8:44 for example. He points at a "Labor Force Participation Rate" graph from the FRED and says "the amount of time workers are spending at work has gone down". What? The Labor Force Participation Rate has nothing to do with hours worked, and instead conveys the percentage of working age, working able people that are employed or actively seeking employment (roughly).
Next, he shows a "Average Annual Hours Worked by Persons Engaged from the FRED and says "but the total amount of people have gone up to".
Again, What? What does the total amount of people have anything to do with the data you are showing. Not to mention that from 2000 to 2019 (HMW's timeline) Average Annual Hours Worked by Persons Engaged went down by 4%, which kind of goes against a bunch of HMW's narratives in prior videos.
Push that timeline back to 1951, and you'll find that number has decreased by 13%. Again, further going against claims made by HMW in prior videos.
Just figured I'd point this out.
"THE educated young workers are leaving! Quick, make things worse for those who havent escaped yet!"
This is the type of video that I love RUclips for. I’d have never woken up to a coffee and this perspective neatly packaged up to me to enjoy with a coffee back when my best option for that was Jim Cramer!
ARE we working fewer hours? I feel like people who claim that are only taking into account employees who earn a wage. Small business owners and freelancers will tell you that the number of hours they work can be as high as 100 hours a week or more.
EDIT: Aaaand you talked about this like, 45 seconds later, lol
If I understood it correctly: Retired Boomers bring the average down
I feel you, after a few comments like this you start to understand that you should be patient before commenting 😂
Greek here. We ALREADY had a six-day per week routine, without being paid more, or having an extra day off. I myself used to work this way. Let's hope that from now on, the people working like this will at least be financially secured
Everyone will be getting the same salary, companies will only update your contract and add 1 day to your working days making your working hours essentially cheaper for them because they will pay you the same and add more hours.
Do you really think companies will say: "oh, poor employees, they will work more so therefore, I will raise all of my staff's salary"?
They barely raise your income after 4 years
You are working 6 days? I got 1 day off a month, and I had to fight with my boss to get it. He told me "if you don't work when you're young when will you do?" when I asked for it. Was working from 08:00 to 20:00 also.
@@MementoMoriGrizzly oh my 😧
@@dedmeme5849 they actually said that there will be a 41% increase in the working hour, only for the extra day if it is on weekend
I figured that must have been the case if the working conditions are so bad in Greece. In the US a lot of people my age are working 80 hours a week, and while overtime is lawfully required here, it isn't required if you have more than one job, which is why people end up working 80 hours a week.
Do Greeks work multiple jobs too? If so are they gonna be forced to work 100 hours?? That's crazy! Sure you'll get the pay but this'll be the death of many people 😢
Greek here.
The 6-day work week WILL NOT succeed!
How do I know: As some of you know, Greece is pretty famous for our islands and our summer vacations... to outsider tourists.
For the last 15 years or so, all of us that work seasonal work at beach bars, hotels, taverns, etc. work 7 days a week. NO day off during the entire summer.
Since 2019, we dont work seasonal jobs anymore. Every year, that sector has less and less employees. Many people dont even apply to job listings @ hotels, beach bars, taverns or literally ANY job that is on an island. Those of us that do apply, interview the employers instead. If he tells us that the job is 7/7, we dont even re-appear.
Greek tourism has close to 100.000 job vacancies in tourism alone for this summer.
If you sincerely think that a system close to that will succeed, dont worry, there is NO chance this will happen.
This sounds weird to me. Don't you guys have labor laws? And with over 20 % unemployment, would it not be easy for employers to conform to these laws by simply hiring enough people to distribute the working hours among more people? What am I missing?
@@Volkbrecht most business owners dont care, workers dont have money to go to court. When you are in a shit situation and you need to put food on the table for your kids then you shut up and do whatever it takes.
My brother, are we from the same country? What are you saying? We've been working 6 days here for a while, this just made it all official.
@@tzoanast1061 now that the norm is 6 days, they will force a 7 days unofficial working schedules. Never was anyone checking the businesses and they are not going to start now. also, still, jobs just can say "it'll be unofficial" like they have done for all these years.
~every single person has his fetish, but bootlicking should be kinkshamed hard~
Delegating parenting to daycare whilst you go work for a soulless megacorp is not “positive progress”.
It's exactly how people lose control of their children's upbringing and moral character
Well, maybe if both parents could work part-time, then that wouldn't be necessary.
@@lunayen Instead how about you return to the style of the 1950's with one bread-winner and one home-maker, stopping this two-worker-household crap entirely?
@@HolyFurryFish1998 in the 1950s companies paid (relatively speaking) a ton more, and things costed a lot less. Most families today cant afford to just have one person working.
Only reserved for the middle class of the era. If you weren't white, you worked, regardless if you're a man or woman
I REALLY like your video ending on a short, two sentence conclusion which helps memorizing what you explained better
I often found myself jumping trough other videos of you again after watching them to make short mental notes of what the points where
your summary really helps keeping the information
ty :)
The founder and CEO of one of the biggest Indian company openly suggested that 70 hr workweek should be standardised all accross india!
And if he got what he wanted, would probably the first to complain about plummeting birth rates.
@@philallen7626 Indian birthrates are already plummeting, they're only _just_ above replacement as is, and birthrates in the developed world, where people work far less, are even lower!
lol, when evil mustache twirling villains start to look reasonable, you might have gone too far.
💀 wtf at this point you need to be a zombie and work 200 years just to live
How tf is every worker not on strike and/or protesting the government?
Gotta survive i guess?
They are in work 😂
too poor to stop working?
Theyre busy working and are gonna be busier working so that goverment can do whatever.
Because this news is actually misreported everywhere...
First of all, this new law only applies to industries operating in a continuous basis, meaning 24/7, but this excludes the tourism sector.
Then, the problem in this sector was for a long time that many people were working 6 or 7 days a week illegally, and getting paid for only 5 days.
Now, those people at least get compensated, since they will get paid 140% iirc on the 6th day, or in some cases even more.
Before I moved to Germany I was a construction worker in Australia. It was completely normal to work 12 hour days (11.5 with a half hour break) 6 days a week. That doesn't include travel time to and from the jobsite either. 72 hours a week in total.
While it was very well paid, I'm glad I'm out of that schedule, and in Germany I work a much more manageable 48 hours a week, but its over 5 days. Not 6.
More working hours won't necessarily translate to more productivity or a revitalized economy. The situation might deteriorate and drive away the remaining young workforce.
Brazil also has the 6 days a week work, the result is just people stretching their work to fill the time doing really bad or neglecting their activities, long hours with low salaries will never increase productivity
I am Greek. Last summer I was working 6/7 in a hotel seasonally, not fully legally of course. Most of my colleagues worked 7/7, it's standard during the season, often for over 8h. This year I moved to Belgium for an office job and it feels too good to be true. I had forgotten that benefits on top of your basic salary exist.
6 days doesnt work for Japan or Korea. Why would it work for greece?
How does it not work? Those are both pretty rich countries.
China and Singapore have 6-day work weeks.
@@lordpisces5019I suggest doing a bit more digging. Both countries have impending problems tied to their workaholic cultures.
@@tempestandacomputer6951 They also came up from poor backwaters to world leading economies from it. Their issues, some of which I am aware of, are much less than the benefits.
@@tempestandacomputer6951 Japan and Korea being the safest and longest lived countries in the world is a pretty good problem to have. Their "economic catastrophe" basically boils down to they might have to reallocate an additional 5% of gdp to elder care. small price to pay for overall excellent outcomes.
A decade ago our new CEO changed our hours from 35 hrs/week to 40. He had a completely questionable rationale but whatever. The reality is, we're almost all white collar workers sitting at laptops. And now we work from home 3 days/week. Obviously this didn't increase productivity. It only pissed everybody off in part because it was a pay cut. 🙄 If you aren't making widgets in a factory, adding hours doesn't necessarily mean higher productivity.
Making widgets is easy. We can churn out enough widgets to drown you in junk.
I myself work 6 days a week but it is because I want to and I might not want to in the future when I am satisfied with what I have.
And this is a crucial difference: choice vs. obligation.
If they implement this in the US we're going off the grid
Yeah I'd fully check out
@bullydungeon9631 cause no one is gung ho to work their fingers to the bones, but quiet as its kept the US has already done this with the steady increase on the retirement age
@@labelmeposh
Retirement age increase is more because free healthcare for 65+ has them living much longer than the system was designed for, plus there are less youth to support it. I recommend every american reading this to login to the social securitiy website and see how much you are expected to be paid in retirement, if it is enough to live on and make sure your life plans fit accordingly. If it is not, maybe vote for people who arent actively saying they will defund it.
6 day work weeks are already becoming more common in "right to work" states. Not office work, but physically strenuous work. Which makes this even more ridiculous and exploitative.
@butterfish-g9f it's downright degrading and no one wants to walk out and hold these jobs accountable. I wanted to walk out because my old job was LITERALLY CHARGING us to park in the garage that THEY LEASE..and people in the company told on me.
This is why union is important
The unions created a business environment that made this the only way to stay profitable.
@@auraguard0212 explain. Sound to me they're short staff .,not lacking work.
Remember he say they want worker to do overtime and get pay
usps has mail carriers work 6 days a week. i lived it. short staffed as well because 6 days a week is b00ty.
@@RaptureHead1993 lol I did city carrier in USPS for 3 week.
-They put me work 7 day a week without telling me
-paying less per hour than Amazon delivery driver
-and Sunday they want to send me to other station
@@Watch-0w1 the union just wants union dues.
I worked in a place with "occasional" 6 day weeks during "high demand" that very quickly became a permanent 6-day week...I will not be signing another contract like that
Greece recently elected a Conservative Party. So they are introducing a six day work week and privatized pay-to-win universities.
Which is a consequence of decades of left-wing rule that killed the country's productivity, finances and demographics.
'Conservative' party who also passed the first law enabling gay marriage...
@@jimmyking92 So by enabling gay marriage you get baptized as a progressive leftist ? 😂 Any other policies don't matter I guess , you can enforce the worst policies for your citizens and they all wash away from 1 supposedly woke policy that's so nice.
@@jimmyking92neo Liberal Party is the right word.
This Conservatives conserve Jack
Neoliberal capitalist party, there are conservative elements inside it but Mitsotakis is not from these elements,
It will also make the elite and government extremely wealthy.
Israel here: 10h daily is basically a must no matter what field we talking about, public transport exists but it will literally take you 1h+ to get to place 20km from you, so you either need to spend 2+ hours daily on road itself or you HAVE to buy a car. Driving in this country is another nightmare.
Israel also has other things going on though, so improvement is actually relatively difficult to achieve in my opinion(though on the other hand, Israel also isn't suffering as much from a population decline... assuming most groups have a similar number of babies, of which I'm not convinced)
some public transit does seem to be seeing some improvement but the PM and the ministers working for him are... not great...
It's alarming how the introduction of the 6-day work week is being perceived as a solution. While it might temporarily boost the productivity, the long-term repercussions on the workforce could be devastating.
i hope they are devastating and they will be, lets hope this will end up as a what to not do.
Making 48 hours official means that now they have to work even more than 48 hours a week, because companies will always demand extra time
Compensating for an aging population by making workers more exhausted and having them spend less time at home, is a terrible idea for population growth. They should learn from Japan and South Korea (what not to do)
I am an Indian
Just quit a job which is 12 hrs per day for 6 days a week and only 15 min lunch break
And the salary is ₹15000 per month
India is much worse
Here in the USA a lot of people take their jobs for granted, complaining about a 40-hour work week at a job that gives them extra play money. /:
@@ogre706 Bruh, just because they have it better it doesn’t mean that it’s healthy. Neither India, nor the USA should have 40 work week or more. 20-32 would be enough because people can’t actually work and stay productive for 8 hours.
It's not about whether or not it works. It will be done because there's a desire to see a return to the old power structures.
I keep saying they just want their slaves/serfs back.
Graduated chemical engineering in 2018.
Despite all my friends leaving for other european countries (Germamy, England, USA, etc.) I stayed to support my country, my family and work with terrible wages.
That is the way of government to say "thank you".