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Netanyahu Opposes Minimum Wage Hike


Post Date: 31 May 2010    Viewed: 794

Prime Minister Benjamin Netanyahu is against raising the minimum wage and curbing top executives' pay, Globes learned.



Nevertheless, the prime minister has so far declined to comment publicly on the issues, saying he will express his opinion "in the clearest way at the next cabinet meeting that discusses the issue. We should be very cautious."



Netanyahu reportedly opposes the private member's bill by MK Amir Peretz (Labor) to raise the minimum wage to NIS 4,600 ($12,00), and is set to torpedo the move, which the Ministerial Legislative Committee approved last week.


Netanyahu also opposes the latest bills to limit executive salaries, saying he believed the matter should be dealt with through a comprehensive plan to deal with over-centralization in the economy, and measures to block horizontal monopolies.



He told his aides, "because of you are driven by populism, you paralyze the economy.



"Operative measures will be taken during the coming year, and if legislation is needed, there will be legislation," he said.


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