Working Harder, Paying Less: Wage Suppression in Greece

Vlassis Missos and Nikolaos Rodousakis

Economics Policy Note Archive from Levy Economics Institute

Abstract: The state of the labor market in Greece exemplifies the socioeconomic damage caused by austerity. More than 15 years into a recession that has proven both deep and enduring, signs of a full recovery remain absent. Declining living standards, an increased tax burden, and the deterioration of public infrastructure and services have all contributed to ongoing economic stagnation and persistent structural vulnerabilities (Missos et al. 2024a).

Date: 2025-05
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