How much will the minimum wage be? When will the minimum wage for 2024 be determined?
While the cost of living increases day by day, the minimum wage decreases day by day. Expectations for what the new minimum wage will be have not yet been announced, but it is expected to be above the hunger line announced each month.
HOW MUCH WILL THE MINIMUM WAGE BE?
The minimum wage has not yet been determined, but it is expected to be slightly above the hunger threshold.
According to the calculation made by BİSAM, the monthly food expenditure that a family of four must make to maintain a healthy and balanced diet is 12,612 TL for September 2023.
The hunger limit is expected to reach 15,000 lira by the end of the year.
WHEN WILL THE MINIMUM WAGE BE DECLARED?
The minimum wage will be determined as a result of meetings that will be held in December with the participation of workers, employers and representatives of the Ministry.
The minimum wage is determined by the Minimum Wage Determination Commission, which is made up of 15 people, including five representatives of workers, employers and the government, as required by law. The Commission meets four times in December, as is customary, as part of its efforts to determine the new minimum wage.
The commission, chaired by one of the members determined by the Ministry, meets with the participation of at least 10 members and decides by majority vote. In case of equality of votes, the presiding party is assumed to have the majority.
Source: Sozcu
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
