Saturday, February 22, 2020

The earning inequality in Israel Assignment Example | Topics and Well Written Essays - 2500 words

The earning inequality in Israel - Assignment Example Often, the media houses have covered this story focusing on issues relative to Israeli’s economy. The United States, a close follower of Israel’s practices, has acted against the discrimination challenge in the past as it reflects negatively on the countries well-built reputation (Plaut, 2014). Naturally, Israel is the only state in the Middle East lacking an apartheid regime and looking at its success, as a developed country; it faces no threats from rivals and defamers. This condition makes Israel’s practices a dream for most of the western countries. A decade ago, discrimination was the country’s most pressing challenge but today, things have taken an influential step. The most worrying characteristic of Israel is the growing income inequality. It became prevalent a few years ago and in 2015, it attracts the attention of most states, organizations and international corporations (Filut, 2015). As from April 2015, Israel ranks at number 15 in labor productivity of the international economies. This fact is from the Organization of Economic Cooperation and Development (OECD) most recent report. Israel has had a record increase in labor productivity for a limited time with more than three million people in the country having standard jobs. World’s leading countries such as China, United Kingdom or even South Korea are yet to attain Israel’s current labor productivity. However, the OECD claims as much as Israel has made improvements, the country’s economy is in an awkward position because they are 4% out of their constant track as depicted in the past two decades (Filut, 2015). The economic growth continues to increase gradually because of the variations in labor productivity - over three times that of the major emerging markets. This might seem impressive but China, Indonesia, Brazil and Russia have had over 100% productive increase in less than a decade, which shows they are most likely to surpass Israel in due time (Matthew,

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