Minimum wage rising to NIS 4,825 on July 1

Minimum wage rising to NIS 4,825 on July 1

Rise is latest in series of hikes that will see minimum salaries reach NIS 5,300 by December 2017

Illustrative photo of Israeli shekels. (Sophie Gordon/Flash90)
Illustrative photo of Israeli shekels. (Sophie Gordon/Flash90)

Israel’s monthly minimum wage will rise to NIS 4,825 ($1,253) on July 1, the government announced Monday.

Prime Minister Benjamin Netanyahu, who also serves as economy minister, signed the new NIS 175 pay rise into law, calling the move “appropriate, just and important.” He said it would “help, even if only a little, the hundreds of thousands of workers in Israel whose salaries are set by the minimum wage.”

The move followed a Knesset decision in March 2015 to raise the minimum wage from what was then NIS 4,200 (about $1,090) to NIS 5,000 (about $1,300) by January 1, 2017, in installments.

A later decision added an additional hike step in December of 2017, when wages will rise to NIS 5,300 (about $1,375).

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