Growing employment of Palestinians in recent years good for PA, hurts unskilled Israeli labor, report says
04 April '10
(Two points. 1) How does the U.S. deal with importing cheaper labor from outside the U.S. when there are U.S. citizens to fill the jobs? 2)Recently the PA announced "PA to prohibit work in settlements". Is there a problem accommodating this?)
The low wages earned by Palestinians working in Israel may undermine the salaries of unskilled Israeli workers, the Bank of Israel says.
The bank's report, which looked into Palestinian employment in Israel, showed a roughly 20% increase in the employment of Palestinians in Israel in the years 2002-2008.
"The growth in Palestinian employment in Israel contributed to the Palestinian economy's recovery in Judea and Samaria and produced revenues of $649 million in 2008, which constituted more than 10% of Palestinian production," the report said.
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