The Knesset Labor Committee on Tuesday 4 Cheshvan gave its approval for increasing the nation�s minimum wage to 5,300 shekels monthly.
Finance Minister Moshe Kahlon explained this was another measure towards narrowing the gaps as well as giving a boost to workers and minimum wage earners.
Interestingly, as many hail the move as a success, experts have warned the result of approving an increased minimum wage will be increased unemployment and the move will impact the young job-seekers, primarily teenagers.
(YWN � Israel Desk, Jerusalem)
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One Response
Israel’s economy is very, very top heavy. That is a result of excessive profits. Because of this there is more than enough to up the wages of the workers and not have any serious impact on employment or profits.