nettime's_avid_reader on Wed, 22 Feb 2012 16:18:59 +0100 (CET)

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<nettime> Zerohedge: Greece and the negative salary


It's Official - Greece Unveils The Negative Salary, And A Whole New
Meaning For "Pay To Play"

     Submitted by Tyler Durden on 02/22/2012 09:07 -0500

     BLS Bureau of Labor Statistics Greece

We thought we had seen it all. It turns out we hadn't. It appears that
starting this month, some Greeks will have to pay for the privilege of
having a job.  From the Press Project:

Salary cutbacks (called "unified payroll") for contract workers at the
public sector set to be finalized today. Cuts to be valid
retroactively since november 2011. Expected result: Up to 64.000
people will work without salary this month, or even be asked to return
money. Amongst them 21.000 teachers, 13.000 municipal employees and
30.000 civil servants.

Needless to say the BLS is salivating at the prospect of US workers
paying for a job, as this will immediately allow them to double count
said person's role in the employed part of the labor force (which
incidentally has shrunk by 1% in the time it took to write this), as
the money said "worker" pays can be used in the BLS hedonic models to 
theoretically "hire many more people courtesy of fractional reserve
lending. Now if only everyone would agree to pay for the joy of
playing Solitaire 9 to 5, then all the world's problems would be

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