Matty Burnhart, Knitted News01.12.21 09:31 27 Kislev will be buried
(Photo: Miriam Elster / Flash 90)
Israeli pride? The Research Institute “Economic Intelligence Unit” has officially announced that Tel Aviv is the most expensive city in the world.
According to the institute, living in Tel Aviv is the most expensive in the world, partly due to the strength of the shekel against the dollar, and rising prices for transportation and basic products.
The Israeli city has climbed five places in the past year and overtook last year’s winners – Paris, Hong Kong and Zurich.
According to the current ranking, the French capital is in second place after Tel Aviv along with Singapore, followed by Zurich and Hong Kong. New York is in sixth place, Geneva in seventh and Copenhagen, Los Angeles and Osaka close the top ten.
It sounds like even if you want to have a little drink, Tel Aviv is not an economically recommended place to spend time. The city was about the second most expensive when it comes to buying alcohol, and in sixth place in terms of the cost of leisure products.
“Today we received further proof of the intolerable situation in Israel, that while the cost of living is sky-high – salaries are on the floor,” the Standing Together movement said, initiating the “Minimum 40” campaign to raise the minimum wage. “The problem is not only that consumer goods are rising more here than in New York and Singapore, but that wages here are half of what they are there. The disgraceful minimum wage of 5,300 shekels a month means hundreds of thousands of workers and their families live in poverty, . It is necessary to raise the minimum wage to NIS 40 per hour.
And what is the cheapest city to live in? Our neighbor is Damascus, the capital of Syria, where a long-running civil war is taking place.
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