Israel’s economy: the good, the bad and the …very worrying.
Over the past year or so, I have written several pieces on the two-dimensional aspect to Israel’s economy. If you are among the top guys, the landowners or techies, then you are probably not complaining. Otherwise, you are probably so busy trying to make ends meet that you do not have the time to complain.
This subject come up recently in an interview with “From The Media”.
The journalist, Maya Margit, noted that “The average monthly salary in Israel across all sectors for the month of February 2021 was NIS 12,146, or $3,735, according to data from the Central Bureau of Statistics released last week. By contrast, the average monthly salary over the same period for those working in tech was NIS 28,837, or $8,869.”
Margit went on to quote me.
Israel has one of the biggest extremes between the haves and have-nots on a global basis. The ways these moneys are going around at the moment, it’s only exaggerating that extreme and that to me is a worry for the future makeup of society.
The full interview, including a comment from Prof. Benjamin Bental of the Jerusalem-based Taub Center, can be found here.