The real wage in Israel, i.e. the wage adjusted to the price level, has risen In the last decade by about 20%. In 2020, with the outbreak of the corona crisis, many low-wage workers were laid off, which artificially boosted the average wage. In 2021, these workers returned to the economy, which lowered wages, and in 2022, wages were further eroded due to the increase in prices.
It is possible that the slowdown in high-tech also contributed to the erosion of the average salary in the economy. However, the Israeli economy grew, and the real wage is still high compared to 2019.
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