Labor: Kadima agreed to NIS 500 minimum wage raise

April 24, 2006 05:12

Labor officials reported early Monday morning that Kadima had agreed to raise the minimum wage by NIS 500. They said that the increase would take place in four stages with a NIS 250 raise this coming June 1, a further NIS 125 on April 1, 2007, and the last NIS 125 on July 1 of that year. Labor has promised to raise the minimum wage by about NIS 1,000, to $1,000 per month, by the end of its term in the newly-inaugurated 17th Knesset. This comes in addition to the NIS 122 increase in minimum wage at the beginning of April, when the minimum wage underwent a routine readjustment to changing market standards.

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