The minimum wage melted by $96 in 10 years

Minimum Looking at the salaries in dollars, it has become clear that he has suffered a huge loss over the years. Today, the minimum wage, which is 5,500 TL and 35 cents net, corresponds to 295 dollars. However, 10 years ago, this figure was $391.

Millions of employees and their families in Turkey focused on raising the minimum wage. Due to the inflationary environment, all attention was focused on whether the minimum wage would rise to a level that satisfies the costs of living. According to TUIK data, annual inflation was at the level of 85.51 percent, while a similar increase in the minimum wage was expected. In recent years, due to the evolution of the Turkish lira against the dollar, the level of the minimum wage has also gained importance. 10 years ago in 2012 the minimum wage was $391. It fell to $287 in the first half of 2022. As of yesterday, it is equivalent to $295.

THE DATA IS NOT SECURE

Yet millions of workers are worried about getting the minimum wage raised, even below inflation. Annual inflation, which peaked at 85 percent in October, is expected to decline to 65 percent in November and December due to the base effect. In this case, it is stated that the price increase will be lower than the already controversial TUIK inflation data.