What was the minimum wage in 2023? Minimum wage for years…

The minimum wage was determined, so the increase rate of the net minimum wage was 100 percent compared to January, 54.66 percent compared to July, while the annual average increase rate was 74, 43 percent. While the government welcomed the new minimum wage, economists, workers’ associations, and the opposition pointed out that the minimum wage would deepen poverty.

HOW MUCH WAS THE MINIMUM WAGE?

Stating that the parties could not agree on a common figure, Erdoğan said: “The minimum wage that will apply in 2023 is 8,506 TL.”

HOW MUCH IS THE GROSS MINIMUM WAGE?

The minimum wage was set at 10,08 gross lire and 8,506 net lira 80 cents in 2023. The monthly cost of the new figure for the employer was 11,759 lira 40 cents.

WHAT IS THE MINIMUM FEE?

The total cost of the minimum wage for the employer increased to TL 11,000,759. The gross minimum wage was TL 10,008 and the net minimum wage was TL 8,506. The net minimum wage increased to $455 at today’s rates. The minimum wage support given to the employer was increased from 100 lira to 250 lira.

WILL THE MINIMUM WAGE BE INTERMEDIATE?

The statements of President Erdogan, who made provisional explanations possible in case the minimum wage melts, are as follows;

– This month, we will witness a rapid decline in inflation rates. We are determined to reduce inflation to 30 percent by mid-year and 20 percent by the end of the year. We ask everyone, from all walks of life, to do their math in accordance with this goal. If we come across an unexpected situation, we don’t hesitate to make an intermediate adjustment like we did last year. As a management that has increased the income and well-being of our workers, we do not allow anyone’s rights to be lost. We exist for our nation.

– We are taking steps on the minimum wage with this sentiment. We have agreed on a net minimum wage of 8,500 TL in 2023, hopefully. The minimum wage has a reflection on both the employer and us. A 50 percent increase was achieved, and the average annual rate of increase exceeded 70 percent. I want the new minimum wage to be beneficial for our country and nation, especially for employees and employers.

TÜR-İŞ WANTED 9 THOUSAND

Although Türk-İş General Secretary Pevrul Kavlak, who represented the worker in the commission, attended the meeting yesterday, it should be noted that Türk-İş President Ergün Atalay made a statement at the end of the meeting; Atalay said that his official offer was 9,000 TL and that they would not sign a figure below this offer.

During today’s statement, Vedat Bilgin, Minister of Labor and Social Affairs, sat on one side of President Erdogan, and Özgür Burak Akkol, Chairman of the Board of Directors of the Turkish Confederation of Employers’ Unions (TİSK), on the other. The representative of the workers, the president of Türk-İş, Ergün Atalay, was not at the table.

MINIMUM WAGE RATE PER YEARS

Year Gross Minimum Wage Net Minimum Wage

• 2015 1,273.50 LI 949 LI
• 2016 TL 1,647.00 TL 1,300
• 2017 £1,777.50 £1,404
• 2018 TL 2,029.50 TL 1,603
• 2019 TL 2,558.40 TL 2,020
• 2020 2,943 TL 2,324 TL
• 2021 LI 3,577.50 LI 2,825.90
• 2022 6,471 lire 5,500 lire
• 2023 10,008 TL 8,506

ÖZGÜR DEMİRTAŞ: “WE WILL NOT SOLVE ANY PROBLEMS”

Assessing the issue from his social media account, Sabancı University Faculty of Business Finance President Prof. Dr. Ozgur Demirtas said:

“The minimum wage was set at 8,500 lire. This will not solve any problem. It is the same as giving Morphine to a patient with a broken leg instead of treating the fracture so that the patient does not feel pain.

In 3 months, there will be a PURCHASING POWER even worse than in previous years. Wages will disappear. Let’s look and see…”

HAK-İŞ: DID NOT MEET EXPECTATIONS

Hak-İş Chairman Mahmut Arslan said: “Although the increase in the minimum wage is important, the figure determined did not fully meet the expectations of workers and society.” he performed the assessment of it.

DISC: DETERMINED BY ONE SIDE

DİSK President Arzu Çerkezoğlu made a statement on behalf of the DİSK Board of Directors on the minimum wage for 2023.

“The minimum wage for 2023 has been determined unilaterally by employers and the government in a process in which the working class struggles to make a living in conditions of high inflation and income inequality has increased without precedent in history,” it continues. the notice:

“The political power and the bosses have jointly determined a minimum wage that will condemn the working class to poverty.

First of all, we would like to underline that in the process of determining the minimum wage, the fact that the minimum wage has become the average wage in Turkey has been ignored and humanitarian and legal criteria have not been taken into account.”

DOES INCREASING THE MINIMUM WAGE INCREASE INFLATION?

Oyvat made the following assessments regarding the discussions about whether the minimum wage will have an increasing effect on inflation.

“First, a significant increase in the minimum wage is necessary, regardless of its impact on inflation. Because minimum wage earners earned well below the hunger line for most of 2022 and living conditions for wage earners have declined considerably compared to previous years. Meanwhile, the capital sector’s share of revenue increased at a rate unprecedented in previous years. This situation should not be normalized.”

Stating that the increase in the minimum wage will have an impact on inflation, Oyvat said: “Even if the impact of the increase through demand is limited, the cost increase it will bring will be reflected in prices. However, the effect of a 54.7 percent increase in inflation would be much less than the 54.7 percent.”

‘THE BASIC REASON FOR INFLATION IS NOT THE INCREASE IN WAGES’

Oivat said:

“Yes, an increase in the minimum wage increases labor costs. But work is not the only cost of companies, nor is it the only salary that is paid, nor is it the minimum wage. Therefore, the effect of the 54.7 percent increase in costs will be less than this.

Furthermore, we know that the fact that real wage growth remained below growth increased profit margins last year. Probably parallel to the deterioration in income distribution, this year also presents a similar situation. We can understand this situation from the fact that the real sector confidence index has not decreased much compared to the consumer confidence index.

Also, higher profit margins over cost compared to prior periods; It allows companies to reflect the new minimum wage increase in prices in a more limited amount. In other words, let’s not forget that part of the increase will not be reflected in prices and companies will eat their profits.