What is the current value of the minimum wage in today's terms?
Inflation data for the 4-month period covering July-October, provided by both the Turkish Statistical Institute (TÜİK) and the Inflation Research Group (ENAG), has revealed the erosion in the minimum wage.
The Turkish Statistical Institute (TÜİK) and the Inflation Research Group (ENAG) have released inflation data for the 4-month period covering July-October, revealing the erosion in the salaries of wage earners.
According to the report in Sözcü, the purchasing power of the 11 thousand 402 lira minimum wage, which is expected to be increased next month, has fallen to 8 thousand 811 lira according to TÜİK, and to 8 thousand 309 lira according to ENAG.
Thus, the lowest-paid worker retiree lost 3 thousand 850 lira, while the lowest-paid civil servant retiree lost 2 thousand 348 lira.
News Source: 12punto
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