The Taub Center’s Google motion charts allow the user to examine the development of socioeconomic variables over time just by clicking Play. The X and Y axes in each figure can be changed (click on either axis and a dropdown menu will appear), allowing the relationship between different variables to be examined from various perspectives. Additionally, one can highlight different variables presented by checking them off on the menu on the right-hand side of the figure.
Wage Changes per Work-Hour
This graph shows the change in hourly wages for workers in different percentiles of the wage distribution , relative to wages in 1997. Until 2001, when the effects of the second intifada were being felt, it is clear that there was a balanced rise in the overall wage distribution, with a slight advantage for workers at the lower end of the distribution. In 2001, the wages of workers in the 20th percentile and higher began to decline, reaching their lowest point in 2003. In contrast, the wages of workers in the lower 20 percentiles changed little in those two years and even increased slightly.
Between 2004 and 2007, the wages of workers who experienced the wage decline in previous years began to rise somewhat. Nevertheless, these wages did not increase enough to return to their pre-crisis level, especially for those at the higher end of the scale (50th percentile and higher).
In 2008, with the start of the subprime crisis, the global economy went into a recession. Israel was also affected, though substantially less than other developed countries. Declines in wages per work-hour across the wage distribution, particularly in the higher part of the distribution, returned hourly wages to their 1997 levels for the middle classes . In contrast, hourly wages in the lower part of the distribution increased over the period due to rises in the minimum wage, thus narrowing the wage gaps in Israel.