Israel’s labor productivity is the lowest among Organization for Economic Cooperation and Development (OECD) countries in nearly every business sector, according to a study released Wednesday in the Taub Center for Social Policy’s 2013 State of the Nation report.
Labor productivity is the amount of economic value an average worker produces in an hour.
“In all employment sectors except for agriculture – that is in the building, manufacturing, wholesale and retail trade, hotels and restaurants, transportation, financial inter-mediation and real estate sectors – labor productivity in Israel is the lowest among developed countries with data for recent years,” the report by Taub director Dan Ben-David said. (Fonte:JPost.com, 27/11/13)
According to a report released by Israel’s Central Bureau of Statistics (CBS) on Wednesday, about 31 percent of Israelis are close to the poverty line. The current figure is up from 26 percent in 2001.
The report also indicates that some 40 percent of Israeli children are facing the risk of poverty, which is also double the rate in Europe.
The rate in 2011, the same as this year’s, was even higher than in debt-ridden Spain and Greece, where 20 percent of the population was at risk of poverty. (Fonte:PressTv, 18/10/13)