The Adva Center's report also found wide differentials in the average salaries of Israeli population sectors.
A report issued today byAdva Center Information of Equality and Social Justice in Israel has shown that the rate of growth in Israel over the past decade falls significantly below that of other western countries. The report showed that while Israel has enjoyed 5% annual growth in recent years, considerably more than other developed countries, if the past decade is viewed, then the Israeli economy grew by only 40%, compared with 60%-63% in most developed countries, and more than 100% in China and India.
The Adva Center report also reflects major differentials in the pay of Israelis according to population sectors. The average salary of an urban Ashkenazi family is, according to the Adva Center, 37-39% higher than the average national salary.
The report also showed that the very rich have been getting disproportionately richer over the past decade. While the average salary of the second highest ten percent of the population rose by an average of NIS 507 from 1998-2007, the salary of the top ten percent soared by NIS 5,522.
Published by Globes [online], Israel business news - www.globes-online.com - on December 14, 2008
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