The second team will include representatives of the New Histadrut, and representatives of the Wages and Labor Agreements Department of the Ministry of Finance, and will formulate the overall changes needed in public-sector wages so that the policy of maintaining the real wage can be implemented. 3. The third team will include representatives from the Ministry of Finance, the New Histadrut, and the manufacturers.
I project that the potential growth rate will rise gradually toward somewhat below 1 percent by the end of fiscal 2016. This will occur mainly through an accumulation of capital stock, an improvement in TFP growth, and a reallocation of the labor force – through corporate sector restructuring and greater focus on higher value-added goods and services.