Turkey hikes minimum wage by 22%, far short of demands by labour

About half of all workers in the country of 83 million people earn a monthly salary at or near minimum wage
Turkey’s minimum wage will rise 22 per cent next year, challenging efforts to keep down inflation while dismaying unions that found it insufficient to address the economic hardships caused by the coronavirus pandemic.

The monthly net minimum wage will be 2,826 liras ($377), Labor Minister Zehra Zumrut Selcuk said in Ankara on Monday. 

About half of all workers in the country of 83 million people earn a monthly salary at or near minimum wage, according to a study by labour confederation DISK.

“Considering the loss of incomes due to the pandemic, the new minimum wage had become even more important for employees,” said Arzu Cerkezoglu, the DISK chairwoman. 

Turkey’s largest labor confederation, Turk-Is, which represented workers at the wage negotiations, called the increase “inadequate.” 
However, unions had no immediate plans to combat the government’s decision.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel