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del.icio.us Digg It!  new Last update - 04:55 16/12/2007 Report: Israel's growth benefiting only the wealthiest By Ruth Sinai Tags: Israel, Adva center  Only Israel's wealthiest 20 percent have benefited from the economic growth of the past three years, according to report to be published Sunday by the Adva Center. The center, which researches equality, found that the top fifth's share of the national income rose from 44.2 percent in 2004 to 44.8 percent in 2006, while the bottom 70 percent saw its share decline. The eighth decile's share remained unchanged. Advertisement S Advertisement ince 1990, the report noted, the top two deciles have increased their share of the national pie by more than 10 percent, at the expense of the less well-off. According to the Central Bureau of Statistics, the top 10 percent of Israeli households had an average monthly income of NIS 41,000 in 2006. This group received 28 percent of all wages paid in the country. The main reason for this group's high income, the report said, was the rapid growth in executive pay. Executive wage costs at the top 25 publicly traded companies grew from about NIS 4 million in 2003 to NIS 10.1 million in 2006. In other words, they multiplied by 2.5 in a mere three years. As a result, executives earn 21 times as much as the average member of the top decile. In contrast, almost 75 percent of salaried workers earned less than the average wage, NIS 7,761, in 2005. The report found that Arab workers earned the least, followed by Jews of Middle Eastern origin. The highest earners were Jews of European origin. It also noted that only 46 percent of 17-year-olds earned a matriculation certificate in 2006, down from 49.2 percent in 2004. Bookmark to del.icio.us Divisible capital No commandment says J'lem must be under Jewish rule. No permission granted Should U.S. Jews have a say in shaping Israel's policies?   1.   Statistics 07:39  |  Israeli 16/12/07   2.   Israel`s growth only benefits the wealthiest 08:04  |  Roxy 16/12/07   3.   Yes, Israel is growing..... 09:21  |  Esther 16/12/07   4.   Israel`s growth benefiting only the wealthiest 09:29  |  Sam Popack 16/12/07   5.   do Grocery sellers become millionaires? 11:44  |  Gilad 16/12/07   6.   Re Sam #4 11:45  |  Esther 16/12/07   7.   Re Gilad #5 12:09  |  Esther 16/12/07

Today Online Zvi Barel: In the end, the IDF will go into the Gaza Strip Responses: 13 Haniyeh tells Hamas rally: We will never recognize Israel Responses: 74 Ehud Asheri: Israeli Arabs are right to skip Israel's 60th Responses: 5 Planned Madrid peace gathering collapses before even taking off Responses: 15 Shmuel Rosner: Reform movement in Israel being pushed into margins of history Send response Rosner's Domain Without the Reform movement in Israel, there's no Reform movement So, Should American Jews have a voice in shaping Israel's policies? Who believes in intelligence reports? Guest: Americans say there's no need nor point in creating Palestinian state More Headlines 09:38 Israeli envoys to U.S. to argue Iran still trying to make nuclear bomb 08:52 At rally, Hamas vows never to recognize Israel 09:26 ANALYSIS: Despite its troubles, Hamas is toeing the radical line 08:58 Austrian energy giant OMV takes heat for 22b-euro deal with Iran 11:02 Was Hollywood's most famous censor an anti-Semite or not? 12:09 Beilin drops out of Meretz leadership race, throws support to MK Oron 10:27 Welfare Min. launches policy to allow single-sex couples to adopt 05:42 Planned Madrid peace gathering collapses before even taking off 12:05 Study: Delay in resettling Gaza evacuees cost state $1 billion 04:55 Report: Israel's growth benefiting only the wealthiest Previous Editions Select Day 14 dec 13 dec 12 dec 11 dec 10 dec 09 dec 07 dec 06 dec 05 dec 04 dec 03 dec 02 dec

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