NEW YORK (Sep. 16)
The treasurer of Histadrut, Israel’s labor federation, said here today that the virtual state of war that exists in the Middle East has not prevented Israel from expanding its economy and developing its society “as though there were no war going on.”
Yehoshua Levy spoke at a luncheon meeting of the directors of the National Committee for Labor Israel which raises funds for Histadrut in this country. He said that immigrants are arriving in Israel at a faster pace and the numbers from affluent Western countries are setting new records.
“The country is in a period of full employment and seeks more skilled manpower and greater capital investment for its established industries and for new enterprises on the planning board,” Mr. Levy said. He said Histadrut has managed to hold the line against inflation by holding down wage increases and linking them to increased productivity.