this post was submitted on 20 Nov 2024
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Summary

A 24-hour general strike in Greece on Wednesday shut down transport, schools, and government offices as workers protested high living costs.

Unions are demanding a 10% pay raise and the return of holiday bonuses cut during Greece’s financial crisis.

They accuse Prime Minister Kyriakos Mitsotakis of not doing enough to tackle inflation, despite recent minimum wage increases.

Hospitals operated on emergency staff, while protests and marches were planned.

Many say wages have not kept up with the rising costs of energy, food, and rent.

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[–] [email protected] 0 points 5 days ago (1 children)

It’s governments that are responsible for a lack of housing: local governments through zoning policy. The homeowners in a given city are politically engaged and they vote to protect their own investment in real estate. Call it NIMBYism if you like but homeowners are never going to voluntarily agree to have their house go down in price. Doing so could put their mortgage underwater and result in losing their home and becoming homeless.

Japan does not have this issue to nearly the same extent because they have structured their governments differently. Zoning laws are set by the national government, not the local one, so problems like this can (and have been) set at the national level.

For other countries to solve their housing problem Japan style would require the national government to take power away from the local governments (and in the case of the US, this would put the federal government in a fight with state governments). It would be an extremely messy fight and probably not work out.

[–] [email protected] 1 points 5 days ago

Japan has a worse housing problem

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