What about the minimum wage? Famous economist shared his forecast

The process continues regarding the new figure for the minimum wage, which directly affects more than 7 million employees and indirectly affects the entire society.

The Minimum Wage Determination Commission, made up of representatives of workers, employers and the government, continues to meet to determine the interim increase in the minimum wage. The meeting organized by the Ministry of Labor and Social Security is attended by the delegation of TÜRK-İŞ, representing the workers’ section, and the Turkish Confederation of Employers’ Unions (TİSK) representing the employers’ section.

While the interim increase to be reflected in the minimum wage in July has not yet been clarified, Veli Solak, the head of the Turkish-Is delegation after the first meeting held on June 13, stated that the meeting did not They discussed numbers.

Solak’s statement after the meeting was as follows:

“We want our brothers working for the minimum wage to be updated according to the conditions of the day, according to the economic crisis, according to the rents of the houses, according to the cost of living. Official documents have been requested, we will make a statement. No figures were disclosed.”

The Minimum Wage Determination Commission will hold its second meeting on June 19 to discuss the provisional increase in the minimum wage.

FAMOUS ECONOMIST ANNOUNCED HIS EXPECTATION

As negotiations to raise the minimum wage continued, an estimate came in from economist Hakan Kara.

Bilkent University Faculty Member, Former Central Bank Chief Economist (CBRT) Prof. Dr. Hakan Kara shared his expectation on the minimum wage increase coming in July on his social media account.

Kara stated that when determining the minimum wage, Turkey-Is hunger index has been taken as a reference recently.

Kara said that when this index is taken as a reference for the provisional increase in July and the index will increase by 5 percent in June, he expects the net minimum wage to be 10,880 lira with an increase of 28 percent.

Stating that the authorities can complete the figure to 11,000 by making direct calculations, Kara said that in this case, the rate of increase of the minimum wage would be 29.3 percent.

According to the latest hunger and poverty data shared by Türk-İş, the hunger limit for a family of four increased to TL 10,362.01 and the poverty threshold to TL 33,752.49 in May.

THE FORGOTTEN $500 PLEDGE AFTER THE ELECTION

It is striking that the authorities, who made statements about the minimum wage after the elections, did not make any statement regarding the $500 announced before the elections.

Vedat Bilgin, who was Minister of Labor and Social Security before the new cabinet, said in a television program in which he participated: “We will regulate the minimum wage in July in a way that protects real purchasing power. In January we made a deal that took it to the highest level of more than $455 in dollars in the history of the Republic. We will do the same in July. It will be a fee of approximately 500 dollars. Our work is done, ”he said.

Official statements that the minimum wage will rise to the $500 level with the July interim increase were muted by the sharp rise in the post-election exchange rate. Despite Bilgin’s statement “Our work is done,” none of the officials mentioned $500 after the election.

Vice President Cevdet Yılmaz, on the other hand, made a statement about the minimum wage on the TV show he attended yesterday: “The dollar does not stand still, it changes every day. We have to talk TL,” he said.