Possible hike scenarios for the minimum wage to be effective in 2027 have begun to be discussed. While it is stated that the possibility of a 30 percent increase is coming to the fore in Ankara's political circles, the estimated net wage that employees would receive if this scenario materializes has also been calculated.
LIVING STANDARDS TABLE FOR MINIMUM WAGE DRAWS ATTENTION
Türkiye Gazetesi columnist İsa Karakaş addressed the current status of the minimum wage against employees' living conditions and expectations for 2027 in his column.
According to the Türk-İş data shared by Karakaş, the hunger threshold has risen to 38 thousand 24 liras, while the monthly cost of living for a single employee was calculated at 49 thousand 124 liras. The poverty threshold reached 123 thousand 856 liras.
The data in question showed that the current net minimum wage remains approximately 9 thousand 949 liras below the hunger threshold.
Karakaş stated that the minimum wage has ceased to be a wage received only by those just starting their working life and has turned into a base wage level for a large number of employees. The article pointed out that the economic conditions of families with children are also becoming increasingly difficult.
WHICH HIKE RATE IS BEING DISCUSSED IN ANKARA'S POLITICAL CIRCLES?
Among the scenarios that have come to the agenda for the minimum wage to be applied in 2027, a 30 percent increase has come to the fore.
According to Karakaş's assessment, the expectation that annual inflation could approach the 30 percent level by the end of the year has also been reflected in the minimum wage discussions in Ankara. It was reported that the possibility of a 30 percent hike for the new wage is being evaluated in political circles.
CALCULATIONS WILL CHANGE IN CASE OF A 30 PERCENT INCREASE
The estimated amounts that would emerge if a 30 percent hike is applied to the minimum wage, which is currently implemented as 33 thousand 30 liras gross and 28 thousand 75 liras 50 kuruş net in 2026, are as follows:
ESTIMATED FIGURES FOR THE NEW MINIMUM WAGE
- - Current net minimum wage: 28,075.50 TL
- - Estimated gross minimum wage: 42,939 TL
- - Estimated net minimum wage: 36,498.15 TL
- - Projected hike rate: 30 percent
In the calculation, a 14 percent social security (SGK) worker premium deduction and a 1 percent unemployment insurance premium deduction were projected over the gross wage.
In the calculation where income tax and stamp duty are considered zero within the scope of the minimum wage exemption, the total deduction was determined as 6 thousand 440 liras 85 kuruş.
Accordingly, if the 30 percent hike scenario is implemented, the estimated net minimum wage that employees will receive in 2027 will be 36 thousand 498 liras 15 kuruş.
News Source: 12punto
