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Approved by the Knesset on December 1, the minimum wage will be 5.300 NIS

Monday, October 30, at the plenary session of the Knesset was approved in the second and third readings the law on increasing the minimum wage to 5,000 shekels a month to 5.300 NIS.

This proposal was supported by 59 members of Parliament. Voted against was not.

Raising the minimum wage will come into force on 1 December 2017 ,and in the beginning of 2018, the Israelis receiving minimum wage, will see a grown amount in their Bank accounts.

Agreement to gradually raise the minimum wage was made under pressure of the Israeli national Association of trade unions («Histadrut») in March 2015 and the period from April 2015 to January 2017, the minimum wage was increased three times, with the last increase has reached 5000 shekels. Fourth, raising the minimum wage is subject to the approval of the bill by the Commission on labor, health and social security.

In Israel 25% of employees receive minimum or less than minimum. Raising the minimum wage in parallel with the ongoing Finance Minister Moshe Kahlana increase in negative income tax for workers on low income – the so-called «labor award» («Mayak Avoda»), – will increase the welfare of the most needy Israeli families and support the middle class.

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Approved by the Knesset on December 1, the minimum wage will be 5.300 NIS 31.10.2017

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