Just Work Six Days A Week!

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My Other Channel: @HowHistoryWorks

Edited By: Svibe Multimedia Studio

Music Courtesy of: Epidemic Sound

Select Footage Courtesy of: Getty Images

All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.

#work #business

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Late last month, the paragon of wise economic decisions… Greece… introduced a SIX day forty-eight-hour work week.

The country did this at the same time as its European neighbours have been successfully experimenting with shorter four-day work weeks, but the Greek government has insisted that this new change is the key to tuning its economy around by simply working harder than everyone else.

It’s a bold strategy, and for the sake of working conditions everywhere we better hope it doesn’t work… unfortunately, it just might…

It’s very easy for Greek workers to find jobs that pay better in other countries because as a member of the European Union they are free to reside and work across borders with very few restrictions.

In order to correct for this loss of manpower the government has decided to introduce a six-day work week to make up for all the workers who have left the country and to support all the elderly people who can no longer support themselves.

By raw arithmetic their logic makes sense… kind of…

Output is the hourly productivity of a worker multiplied by how many hours they work. If Greece has fewer workers, it can increase its output by just getting those who are left to work even longer and harder.

Instead of magically creating high paying jobs like promised, what this new law is really about is squeezing the most out of workers on the other end of the pay scale.

Retail, transport, construction and hospitality are jobs where companies just need someone behind a counter or on the tools for as many hours of operation as possible to serve customers periodically.

A large share of what’s left of the Greek workforce are in these types of roles, and businesses are ALREADY demanding a lot of extra hours from their employees.

It won’t make workers work harder, it won’t create high paying jobs, it won’t improve productivity, it will drive away what few young workers the country has left, it will lower hourly wages and create terrible working conditions for the whole country.

It’s all around a terrible policy, but unfortunately, it’s not just Greece doing this.

So it’s time to learn How Money Works to find out why the six day work week might be catching on… everywhere…
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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.

BunkerSquirrel
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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?

SomeFreakingCactus
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From the brilliant minds that brought you “Just print more money, lol” comes the exciting new project “Just work more, lol”

archsteel
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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".

imtheonewhoknocks
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This is the national equivalent of "we just let go of a bunch of workers but we can just make the remaining workers harders."

asadb
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You know, what elderly people need most, is for their children to have even less time to visit them and help them out. Genius!

overlord
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"Just work 7 days a week bro!"
"Just eat bugs bro. Just skip breakfast bro. Just own nothing bro. Just be happy bro."

Darren_
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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.

lmattsonart
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How to turn your bad economy into an even worse economy

luisfilipe
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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.

daikansanchez
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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.

pf
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The jobs they're choosing to make into 6 day work weeks shows there's pure evil behind the scenes.

themikead
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As someone who has to work six days a week to make ends meet, FUCK THAT.

Cross_Malaki
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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)

samuelspace
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4 day work week literally boosts every area of life and economic prosperity. Everyone would win.

deusexmaximum
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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'

happyhippoeaters
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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.

THETRIVIALTHINGS
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"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?

XenusSerathiiIcelon
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I do work 6 days a week and I STILL get called in on my days off.

ioele
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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

Bruno-G