Vision to Reality: The Reut Blog

A report recently published by the OECD points to the growing gaps between rich and poor in OECD countries. According to a report published by the UN Development Program, Israel is ranked fourth in terms of Gini index. Such deep gaps may endanger the achievement of IL15 vision.

Large gaps between rich and poor that limit the ability of workers to adapt to rapidly changing economy, inhibit high growth and inclusiveness. Lack of means may prevent individuals from obtaining high education and professional skills, thus limiting their employability and mobility. As the OECD’s Secretary General Angel Gurria commented: “Greater income inequality stifles upward mobility between generations, making it harder for talented and hard-working people to get the rewards they deserve.”

In this context, the Reut institute suggests establishing a ‘new deal’ in the labor market that will focus on ongoing improvement of human capital in Israel in order to ensure global competitiveness and inclusiveness.

For further reading see: Flexicurity.