Do an Increasing Number of Greeks Really Regard Workers Getting $2,000 a Month as a "Special Caste?"

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Tuesday, 19 July 2011 04:52

That's what the NYT tells us. It has a piece this morning on the union representing the workers at Greece's public electric utility. At one point it reports that:

"an increasing number of Greeks regard the power company workers in particular as an overpaid, overprotected caste. According to Mr. Fotopoulos, Genop’s 21,000 members are paid an average net salary of $1,980 a month and its 35,000 retirees an average net pension of $2,122 a month — much higher than the Greek average."

The monthly pay for caste members would be less than an hour's pay for high earners in the financial sector. It would be quite interesting if Greek politics had gotten to the point where most people had more resentment toward workers earning $1,980 in a month than the people who earn this amount in an hour.