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True wages: How much does the average Israeli really make?

Is the average wage reflective of what most Israelis really earn? Although most media outlets and newspapers talk at length about the average wage data Israel’s Central Bureau of Statistics, another set of data, known as the median wage index, shows the true picture.

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    1. humbye

      Why isn’t a cut-off point for wage earners introduced, to exclude oultiers in the calculation? People earning above X amount would be excluded from the average wage calculation, and thus bring the average wage closer to the reality on the ground.

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    2. Piotr Berman

      Median is a statistic that is not affected by outliers: half of the workers earn median or less and half earn median or more.

      Reply to Comment