Israel's Economy Faces Major Labor Shortage

Dr. Ron Tomer, President of the Industrialists' Union and the Business Sector, declared at the National Conference in Eilat this morning that "The number one problem of the economy and the labor market in Israel today is the lack of workers. Just in the leading security companies in the economy, there are currently about 6,000 missing workers, and in the industries that supply them, there are about 4,000 more missing workers. The rest of the industry and the economy also suffer from a severe shortage. All in all, these are tens of thousands of missing workers - which is a lot. This stops the growth of the economy and the question is where will we bring them from?"

"War costs a lot of money, and the only way to return this money and channel it to the state treasury is to return the economy to high growth but for this, we need talented workers who will help businesses grow. After all, workers are an important and significant resource for any business. In this context, it should also be noted that the salary of workers in the Israeli industry is higher than the average salary in the economy and it leads the fertility in the economy and of course the industry blooms the periphery."

"Therefore, the number one national mission of the government should be to integrate populations in the labor market and train existing workers for industry professions - and this training needs to be on steroids so that there are as many new workers in the economy as quickly as possible."

The President of the Association added and noted that "One of the main ways to lead the economy to growth is also to invest effort in helping small and medium-sized factories grow, with the focus should be on the periphery to create new jobs in the north and south. If the evacuees have new jobs in the periphery, they will return to the abandoned settlements."