News Brief 9/8/2013, Tishrei 4, 5774
Israel’s Low Productivity Means A Lower Standard of Living
Israel has sunk to the 26th place in developed-world productivity, according to economists from the Taub Center for Social Policy Studies.
A recent study indicates that Israeli productivity is in rapid decline due to long work hours, very low capital investments, and cumbersome bureaucracy.
The Israeli worker's average productivity is $33.70; ranking Israel 26th out of 34 member states of the Organisation for Economic Co-operation and Development (OECD). Even countries with severe economic difficulties, such as Greece and Italy, have higher productivity than Israel.