Ministry of Finance Chief Economist Yoel Naveh found that private sector salaries have fallen in real terms over the past 14 years.
Salary levels in Israel's private sector are lower than the levels 14 years ago, reports Ministry of Finance Chief Economist Yoel Naveh. He wrote, "In most areas the average salary is lower (in real terms) than the salary recorded in 2001."
From Naveh's analysis of Central Bureau of Statistics data, he found that the highest salaries were found at government companies (not including hospitals) and the major financial institutions.
In those two sectors the average monthly salary is NIS 18,948 and NIS 21,126, more than double the average monthly salary in the business sector of NIS 9,225.
