NII: Israel last among developed nations in social spending

September 23, 2007 14:18

Israel's investment in social services ranks last among developed nations, a report released Sunday by the National Insurance Institute revealed. According to the document, national spending for education, welfare, and health has decreased steadily in recent years. The report also said that wages for workers from the nation's lower socioeconomic sectors was down 20 percent, while the income for the wealthiest 10% of the population rose 6%. In other news, August saw a record demand for workers, with an 18% rise in the number of available salaried positions. Demand was especially high in the fields of management, office administration, and manufacturing.

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