Source: (Jerusalem Online)
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This was published by Jerusalem Online last. You migh want to know that changes on the Minimum Wage will gradually change in the coming months. Here is the article published by JOL:
The move meant to anchor a three phase minimum wage hike between 2015 and 2017, as proposed by Prime Minister Benjamin Netanyahu, who is also the acting Finance Minister.
The minimum wage in Israel currently stands at 4,300 shekels. The first phase of the plan, scheduled to take effect in April, will see the minimum wage rise to NIS 4,650. The second phase, set for July 2016, will see it rise to 4,825 NIS. The third and final phase is expacted to take effect in January 2017 and will see it rise to 5,000 NIS.
This is great news to all migrant workers. We just have to hope that the dollar will not rise against Israeli shekels in the coming months too. Otherwise, the increase in minimum wage will not even make an impact in terms of buying dollars using shekels and convert it to the local currency.
Source: (Jerusalem Online) |
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