Life in Israel
Minimum Wage in Israel Rises to ₪5300 – A History of Minimum Wage and Its Actual Impact
In current news, the Knesset Labor and Social Affairs Committee on Tuesday approved the raising of the minimum wage in Israel to 5,300 shekels. What does this mean practically for the average citizen of Israel? Are we to be excited, overwhelmed, elated or still wondering if it’s possible to live on this amount of money? In this post, we’ll be taking a look at how far the minimum wage has come in the past few years and weigh this honestly against the actual cost of living. Thereafter, we leave it up to the “thinking” citizen of Israel to consider the emotions one might have after hearing this news.