Critical Meeting on Minimum Wage Increase Scheduled for This Week: Two Figures on the Table
The new minimum wage to be determined for the year 2025 is eagerly anticipated. The fourth meeting of the Minimum Wage Determination Commission, set to take place this week, is drawing all eyes to it. Minister Vedat Işıkhan announced that the critical meeting will be held on Thursday or Friday.
After the third meeting held last week, TÜRK-İŞ, representing the workers, demanded an increase of the current minimum wage of 17,002 Turkish lira by 45% for inflation adjustment and an additional 20% for a share in prosperity, raising it to 29,583 lira. This demand reflects the expectations of the worker segment, while the employer's proposal has yet to be disclosed. The opinion of TİSK regarding this matter is eagerly awaited, and the progress of negotiations between worker and employer representatives may become clearer this week.
There are options for a 40% and 45% increase on the table. The agenda of the Minimum Wage Determination Commission includes two increase rates: 40% and 45%. These options could increase the minimum wage to 23,802 lira and 24,653 lira, respectively. These figures are deemed noteworthy options considering Turkey's economic situation and inflation rates. The commission's decision will have a direct impact on the purchasing power of employees.
President Recep Tayyip Erdoğan is expected to raise the increase rate to around 45%, taking into account the demands of the worker segment. This move can be seen as a response to workers' requests. However, it is reported that the final decision will become clear after discussions with employer representatives.
Minister Işıkhan announced the date when the increase will be determined. In a statement, Minister of Labor and Social Security Vedat Işıkhan noted that the process of setting the minimum wage increase for 2025 has reached its final stage. The Minister emphasized that the Commission plans to gather on Thursday or Friday, stating that the decisions made will closely affect the entire society.
Minister Işıkhan’s announcement marks a critical process for millions of employees and employers. Decisions shaped by the expectations of both workers and employers are also expected to influence the country's economic dynamics. The outcome of the meeting will be significant not only for employees but also in terms of economic balances.