Israel: Minimum Wage To Go Up Gradually
This was published by Jerusalem Online last July 2015. 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: Minimum Wage To Go Up in April The first stage of implementing the new law will increase the minimum wage by 300 NIS. The minimum wage rise will go ahead despite the elections. Attorney General Yehuda Weinstein has approved the legislation on Tuesday to introduce a three-phase minimum wage increase. 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...