Economy
Since the establishment of Israel, Umm al-Fahm has gone from being a village to an urban center that serves as a hub for the surrounding villages. Most breadwinners make their living in the building sector. The remainder work mostly in clerical or self-employed jobs, though a few small factories have been built over the years. According to CBS, there were 5,843 salaried workers and 1,089 self-employed in 2000. The mean monthly wage in 2000 for a salaried worker was NIS 2,855, a real change of 3.4% over the course of 2000. Salaried males had a mean monthly wage of NIS 3,192 (a real change of 4.6%) versus NIS 1,466 for females (a real change of -12.6%). The mean income for the self-employed was 4,885. 488 residents received unemployment benefits and 4,949 received an income guarantee. In 2007, the city had an unofficial 30 percent poverty rate.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
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—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
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