from Haaretz
Israel's poverty rates are higher than in all other developed countries, and income inequality is second only to the United States within the OECD, a club for wealthier nations. Just 20 percent of the population pays 90 percent of the income tax.
Israel’s high-tech sector, which employs 9 percent of workers, is booming. Venture capital investment as a percentage of gross domestic product is the highest in the world, and growth is among the strongest of the developed economies.
Some Facts about Charedim - so think twice if you want to make aliyah if you are Charedi
$500 monthly stipend from the state and donations for learning Talmud.
In the 1980s, 63 percent of ultra-Orthodox Israeli men worked, but as the community grew it decided to rebuild the world of yeshivas that was destroyed in Europe in the Holocaust. The policy of paying yeshiva students a stipend solidified this trend, taking the workforce level down to 51 percent now.
While nearly 22 percent of the Israeli population lives under the poverty line, that figure is 52 percent for the ultra-Orthodox, although their expenses are modest for a community where wives are the main family breadwinners.
Nearly three-quarters of ultra-Orthodox women work, identical to the general population, but their average monthly salary of 6,170 shekels ($1,736) is below the 9,309 average of other Jewish women. Many work only part time.
Boosted by high-tech, Israel’s economy grew 4 percent in 2016 and is forecast to grow 3.5 percent this year. Unemployment is at a historic low of 4.5 percent, yet 70 percent of workers earn less than an average salary of 10,000 shekels a month.
According to the Bank of Israel, 60 percent of Arab men work, many in construction, earning half of what Jewish men make. Just 25 percent of Arab women work, while 55 percent of Israeli Arabs live below the poverty line.
http://www.haaretz.com/israel-news/business/1.802604
Israel's poverty rates are higher than in all other developed countries, and income inequality is second only to the United States within the OECD, a club for wealthier nations. Just 20 percent of the population pays 90 percent of the income tax.
Israel’s high-tech sector, which employs 9 percent of workers, is booming. Venture capital investment as a percentage of gross domestic product is the highest in the world, and growth is among the strongest of the developed economies.
Some Facts about Charedim - so think twice if you want to make aliyah if you are Charedi
$500 monthly stipend from the state and donations for learning Talmud.
In the 1980s, 63 percent of ultra-Orthodox Israeli men worked, but as the community grew it decided to rebuild the world of yeshivas that was destroyed in Europe in the Holocaust. The policy of paying yeshiva students a stipend solidified this trend, taking the workforce level down to 51 percent now.
While nearly 22 percent of the Israeli population lives under the poverty line, that figure is 52 percent for the ultra-Orthodox, although their expenses are modest for a community where wives are the main family breadwinners.
Nearly three-quarters of ultra-Orthodox women work, identical to the general population, but their average monthly salary of 6,170 shekels ($1,736) is below the 9,309 average of other Jewish women. Many work only part time.
Boosted by high-tech, Israel’s economy grew 4 percent in 2016 and is forecast to grow 3.5 percent this year. Unemployment is at a historic low of 4.5 percent, yet 70 percent of workers earn less than an average salary of 10,000 shekels a month.
According to the Bank of Israel, 60 percent of Arab men work, many in construction, earning half of what Jewish men make. Just 25 percent of Arab women work, while 55 percent of Israeli Arabs live below the poverty line.
http://www.haaretz.com/israel-news/business/1.802604
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