Wednesday, 20 July 2011 04:29
This is what Thomas Friedman said in his column this morning, even if he didn't know it. Friedman told readers that:
"Germans are now telling Greeks: 'We’ll loan you more money, provided that you behave like Germans in how you save, how many hours a week you work, how long a vacation you take ...'"
If we look to the OECD data, we see that the average number of hours in a work year for Germans in 2008 (the most recent data avilable) was 1430. This compared 2120 hours a year for the average Greek worker. This means that if Germans want the Greeks to be more like Germans in the number of hours a week they work and the length of their vacations then they want the Greeks to work less, not more.
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Wednesday, July 20, 2011
Dean Baker: "Thomas Friedman Thinks That the Greeks Have to Work Less"
Posted by Sandwichman at 4:07 AM