Turkey to raise minimum wage by 21.56% in 2021

ANKARA, TURKEY 

Turkey is raising its minimum wage by 21.56% as of Jan. 1, the country’s family, labor and social services minister announced on Monday.

The net minimum wage for single people will be 2,826 Turkish liras ($377) a month, up from 2,324 Turkish liras a month ($310), Zehra Zumrut Selcuk said.

The new gross minimum wage, before deductions such as social security premiums and income taxes, will reach 3,578 liras ($477.3).

The minimum wage for married people with three children is 3,013.7 Turkish liras ($403), Selcuk added.

The rate of increase was much above the country’s annual inflation rate, the minister stressed.

Turkey’s annual inflation stood at 14% in November while the 12-month average hike in consumer prices was 12.04%.

However, the Confederation of Turkish Trade Unions said the new wage was insufficient.

“It is far from meeting the expectations of the workers,” said Nazmi Irgat, the unions’ secretary general.

LAST UPDATE: December 30th, 2020 05:41 am

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