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:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
—Doris Lessing (b. 1919)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we really experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (18441900)