The monthly minimum wage in Israel will be revised upwards by 6% next week, increasing to NIS 6,248. The rise is seen as a positive move to reduce inequality and increase motivation to work. However, there are concerns about the potential impact on prices and inflation, as well as the competitiveness of local industry.
image sourced from original article at https://en.globes.co.il/en/article-minimum-wage-in-israel-to-rise-next-week-1001506222Original article source: https://en.globes.co.il/en/article-minimum-wage-in-israel-to-rise-next-week-1001506222
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