#wealth
Workers, Employers and the Distribution of National Income 2011
From a macro-economic perspective, 2011 was a good year for the Israeli economy, whose economic growth was higher than that of other developed economies. From the standpoint of employees, the two most positive developments were the continued decline in unemployment, from 6.6% in 2010 to 5.6% in 2011, and the creation of 80,000 new jobs. … Continue reading Workers, Employers and the Distribution of National Income 2011
Workers, Employers and the Distribution of Israel’s National Income Labor Report: 2010
The year 2010 was a good one for the Israeli economy. For employed persons, the best news was that firstly, unemployment decreased from 7.5% in 2009 to 6.6% in 2010, and secondly, the creation of one hundred thousand new jobs (even if 42% of them were part-time jobs). The average salary of employed persons increased … Continue reading Workers, Employers and the Distribution of Israel’s National Income Labor Report: 2010
Workers, Employers and the Distribution of Israel’s National Income Labor Report: 2009
In 2009, employers’ share of the national income rose, while the share of employees decreased. The employers share increased from 15% in 2008 to 17% in 2009, and the employees’ share decreased, from 62% to 60%. In other words, the blunt of the global financial crisis of 2008-2009 hit employees, not employers. From a 10-year … Continue reading Workers, Employers and the Distribution of Israel’s National Income Labor Report: 2009