IMF’s ‘Competitiveness Drive’ Leaves 127,000 Greeks Earnings Under $110 Per Month

Greece-IMF

IMF’s ‘Competitiveness Drive’ Leaves 127,000 Greeks Earnings Under $110 Per Month:

The dramatic shrinkage of Greek earnings due to recession, the explosion of unemployment and the dominance of flexible forms of employment is exposed in a new document submitted by an experts’ committee to Greek Labor Ministry. As KeepTalkingGreece reports, the document featured details wage inequality during the period 2010-2015 and exposes a new social class of workers: the Neo-Poor Greeks earning wages much less than the unemployment allowance of 360 euro.

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