What is the minimum wage in 2023? What is the gross, net minimum wage?

Despite the minimum wage increase earlier in the year, the minimum wage evaporated before the sixth month due to inflation. As in the previous year, the new minimum wage was announced and increased intermittently.

HOW MUCH IS THE NET MINIMUM FEE?

After the meeting, the Minister of Labor and Social Security, Vedat Işıkhan, announced the increase in the minimum wage. Consequently, the minimum wage was TL 11,000,402. There was a 34 percent increase in the minimum wage.

HOW MUCH IS THE GROSS MINIMUM WAGE?

The amount of the gross minimum wage to be valid in the second half of 2023 has been determined at 13,214 lira, and the net minimum wage is 11,402 lira.

HOW MUCH DOES IT COST THE EMPLOYER?

The total cost of the new minimum wage for the employer amounted to 15 thousand 762 lira and 4 cents.

As of January 1, 2023, the minimum wage was set at 10,008 lira gross and 8,506 lira net 80 cents. The total cost of the minimum wage for the employer was 11 thousand 759 liras and 40 cents.

According to the information we got from Türk-İş, the SGK employer premium was 1551.24 TL in January 2023, from the total labor cost of 15 762 TL, it increased to 2 000 79 TL in July 2023.

THE NET HOURLY RATE INCREASED FROM 37.81 TL to 50.68 TL

The unemployment insurance employer premium increased from TL 200 to TL 268.

The payment of the social security employer premium increased from TL 1,751 to TL 2,347.

The net increase in the minimum wage was 34.04 percent.

While the gross daily wage increased from TL 333.60 to TL 447.15; Net daily wage increased from TL 283.56 to TL 380.08.

While the gross hourly wage of the minimum wage worker increased from 44.48 TL to 59.62 TL; Net hourly wage increased from TL 37.81 to TL 50.68.

The net minimum wage, which was $455 at the beginning of the year, has become $482 at today’s exchange rates.

FORMER MINISTER SAID 500 DOLLARS

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.

HUNGER LIMIT INCREASED TO 10 thousand 362 TL

On the other hand, according to the latest data published by Türk-İş, the hunger limit for a family of four had increased to TL 10,362.01 and the poverty line to TL 33,752.49 in May.

The ‘cost of living’ for a single employee had risen to TL 13,439.41 per month.

The United Metal-İş Class Studies Center (BISAM) announced the daily spending requirement at 335 lira, the hunger limit at 10,075 lira, and the poverty line at 34,838 lira for the month of May.

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 (January – June)