Israel’s new minimum wage goes into effect on Wednesday, November 1, 2017, bringing the minimum monthly wage to 5,300 shekels.
This means the hourly minimum wage is increasing from 26.90 shekels an hour to 28.5 shekels an hour. The daily minimum wage increases from 231 to 245 shekels.
According to treasury officials, the increase will cost the nation between 400-500 million shekels annually.
(YWN – Israel Desk, Jerusalem)
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2 Responses
But this will encourage Israeli companies to invest in automation or out-sourcing to poor countries in Africa — thereby giving Israelis more time to learn Torah (or whatever else they do when not employed).
If I am not mistaken I think it goes into effect Jan 1 sth 2018 and not Nov 1st