The Minister of Labor intends to raise the minimum wage this April by 5.7% to NIS 5,880.
This follows a long-term staff job at the Ministry of Labor.
The increase is expected to be signed by him this coming April and will apply retroactively from January 2024. Currently, the minimum wage is 5,571.75 NIS - in accordance with the average wage for the months of August-October which was 12,379 NIS.
The position paper they submitted to the Ministry of Labor indicates that in the last year the average salary increased by 5.7%, inflation increased by 3.6% - which causes workers who earn minimum wage to experience an erosion of approximately 3.6% of their salary.
These increases leave many with difficulty meeting monthly expenses.
"The expected increase in the minimum wage is welcome and required. The cost of living is increasing and we must adjust the salaries of the workers accordingly. The Ministry of Labor will continue to fight for the rights and status of the workers," said Minister Yoav Ben Zur.
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