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.
Read more about this topic: Umm Al-Fahm
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (18031882)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kindno matter how ultimately profitable or otherwise successful some of them might prove to bethere is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (18971977)