Notable behind-the-scenes talk on minimum wage: Will there be a mid-year raise?

The minimum wage was set at a net 17,002 TL at the beginning of the year following a 49 percent increase. While civil servants and retirees are counting the days until their July raises, it was announced at the start of the year that there would be no mid-year raise for the minimum wage on the grounds that it "triggers inflation."

CHP'S MINIMUM WAGE DEMAND

Minister of Treasury and Finance Mehmet Şimşek and Minister of Labor and Social Security Vedat Işıkhan have closed the door on a mid-year raise for the minimum wage; however, expectations for a raise have returned to the agenda following the summit between AKP President Erdoğan and CHP leader Özel, as well as the meetings held between Minister of Treasury and Finance Mehmet Şimşek and CHP's shadow minister Yalçın Karatepe.

Although it is stated that there will be no raise for the minimum wage, employees who no longer have the strength to endure inflation reaching 75 percent believe that the government cannot remain indifferent to the demand for a raise.

SURPRISE CLAIM PUT FORWARD

According to a report in Türkiye Gazetesi, it is stated behind the scenes that the AKP might unexpectedly decide to grant a mid-year raise to the minimum wage.

In this information reflected behind the scenes, some rates regarding the minimum wage raise are also being mentioned. So, if a decision is made to raise the minimum wage, how much will it be? The figure discussed behind the scenes has emerged.

While it is reflected behind the scenes that the decision for a mid-year raise for the minimum wage could be made by President Erdoğan, it is emphasized that this raise rate will not be directly proportional to inflation.

While inflation is expected to be 25 percent in the first 6 months of 2024, it was stated that the mid-year raise for the minimum wage would not be at this rate.

It is being discussed behind the scenes that a 15 percent improvement could be made to the minimum wage. If these claims come true, the minimum wage would be increased from 17,002 TL to 19,552 TL with the raise to be made in July.

News Source: 12punto