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Labor trend prevails: Majority of Greeks work part-time and in rotation

Wage-earners and hiring/dismissal balance have recorded the strongest performance since 2001, Greek Labor Ministry announced on Tuesday. Based on data from Ergani the IT private sector employment system of the Greek Labor and Social Security Ministry, the number of hiring has reached 1,598,885 for the time period 1. January – 31. July 2018.

There has been a surplus of 289.561 job positions, the Ministry said.

However, the balance in July turned negative, by 33,620 job positions, 239,080 new hiring and 247,585 dismissals/voluntary job quitting or end of contract.

At the same time, Ergani data show another triste Greek reality.

Less and less Greeks can secure a full time job, the trend of the last years has not changed and it hardly going to change.

According to latest statistics, only 48.35% have a full time job, while majority of workers have part time or rotation jobs.

According to Ergani and based on data from January to July 2018:

48.35% have a full time job

39. 23% have a part time job

12.42% work on rotation

Part time jobs and rotation jobs mean also wages of just 200-400 euros per month in a country where consumers prices have an annual inflation at 1 percent.

What can one do with 200 or 400 euros earnings? Not much. Unless the worker is a young person still living with parents who come up for food, utility bills and other living costs.

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One comment

  1. It’s hard to describe how terrible the traffic congestion is over such a large area for those who have not been to a large city like Athens. Many Greeks who are working two jobs often endure multiple commutes across Athens that take hours, and public transportation is not always the easiest or best. Parking near a Metro line costs additional money if it’s even available at commute times. Athens’ geography (specifically Kesariani mountain and the sea) limits commute options as well. We aren’t even delving into the issue of child care and the frontistirio system for education for those who actually choose to have children and believe they can afford them.

    This so-called economic recovery is at the expense of the quality of life, health, and meaningful dignity of the average Greek. It is a terrible situation. Many people are still out of work and need assistance with housing and food. The Greek government and Troika can say what they want about debt, but paying peanuts for a meaningless near-subsistence living is not a sustainable way to grow an economy. It is a good way for large extraterritorial financial entities to extract wealth from a country, however. How many decades of this insanity will Greeks endure to become debt-free? Can Greece really weather the next downturn which is likely to happen in a few years? Will other geopolitical factors such as Turkish aggression and imperialism tip the scales further? When will Greece regain its dignity?