Saturday, May 15, 2010

About that greek work ethic

originally published at: http://twentycentparadigms.blogspot.com/

According to many accounts of the financial crisis in Europe, one reason
intervention has been slow is that it is hard to convince Germans,
widely seen by themselves and others as hard-working, thrifty and
virtuous, to "bail out" those lazy, spendthrift Greeks.

This bit of OECD data on hours worked per worker (via Economix) runs
contrary to the stereotypes:















That is, according to the OECD, the average Greek worker logs 2120 hours
per year - 690 more than a German worker.

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