Underqualified Workers Costing Israeli Economy $11 Billion a Year, Central Bank Says

Report places blame mainly on poor quality of schools, estimates wages could rise just by boosting Israeli skills to OECD average

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The low level of skills Israeli workers have, compared to those in other developed countries, is costing the economy 40 billion shekels ($11 billion) a year, or 3% of gross domestic product, the Bank of Israel...