How much is the new minimum wage in dollars?
The minimum wage that will be in effect for 2024 has been set at 17,002 TL. So, how many dollars and euros is the new minimum wage?
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The process for determining the new minimum wage, which directly concerns approximately eight million people and indirectly affects many more employees, has been completed, and the minimum wage that will be in effect for 2024 has been set at 17,002 TL. Thus, the rate of increase applied to the minimum wage was 49 percent.
So, how many dollars and euros is the new minimum wage? Based on today's exchange rate, the minimum wage is 578 dollars. It was 446 dollars in 2023, and 323 dollars in 2022.
If we calculate the new minimum wage in euros, it amounts to 520 euros based on today's exchange rate.