Employees are now becoming variable costs of doing business—depending on ups and downs in demand that may change hour by hour, possibly minute by minute.
Grexit costs would be very serious not only for Greece but for the entire Eurozone and beyond, but unilateral withdrawal from the whole of the European Union rather than simply the Eurozone would make more sense.
The typical worker has seen almost none of the gains from economic growth over the last four decades. But tax deduction gives billions of dollars every year to some of the richest people in the country for no reason whatsoever.
The eurozone authorities are blackmailing the Greek government and people. Yet, Greece should become an opportunity to change the failed policies of the eurozone.
The IMF does not find any statistically significant effects on total factor productivity that result from labour market regulation. Rregulations that protect existing jobs show no statistically significant link with unemployment whatsoever
The question that one may ask is why Brussels was very condescending towards the Spanish deficit. Perhaps the answer can be found in measures on the labour market of the Rajoy right-wing government of Spain.
