Ergun Atalay News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Türkiye decided to ramp up the monthly minimum wage by 49 percent to 17,002 Turkish liras (578.4 U.S. dollars) starting...

(Bloomberg) -- Turkey will raise the minimum wage by 49% in the new year, close to a level that several Wall Street lenders have warned would complicate the central bank’s efforts to curb inflation. Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerApple Resumes Sale of Watches After Appeals Court Lifts US BanTesla Plans Revamp of Smash Hit Model Y From China PlantGhost Ships at Reawake

ANKARA, Dec. 27 (Xinhua) -- Türkiye decided to ramp up the monthly minimum wage by 49 percent to 17,002 Turkish liras (578.4 U.S. dollars) starting the first day of 2024, the country's Labor and Social Security Minister Vedat Isikhan announced Wednesday.

Turkey’s president, Recep Tayyip Erdoğan, squeaked out a re-election victory at the end of May. While his economic policies have produced unfortunate consequences, such as soaring inflation rates, his economic team seems set to get the country on the right track. But inflation isn’t the only major issue facing the re-elected president.

ALBAWABA –The government raised the minimum wage in Turkey for the second time in 2023, Tuesday, this time by 34 percent, raising it by 107 percent in t