Saturday, July 11, 2015

Greeks Leaving Greece

Over the past couple of weeks, the share of online job searches in Greece that are directed abroad has more than doubled. This analysis comes from Tara Sinclair, the chief economist at Indeed, an online job search engine., writes Justin Wolfers.

Then as bailout talks between Greece and their eurozone creditors broke down and Prime Minister Alexis Tsipras called a surprise referendum, the share of outbound searches more than doubled, again. On the most recent day for which data is available — the day of the referendum — foreign destinations accounted for 37 percent of all online job searches in Greece.

If I lived in Greece, I would be doing the same thing. The bankster tax squeeze is bad enough, but the oppressive regulation in the country suffocates the economy and makes it near impossible to find a decent job.

That's what central planning does.


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