Türkiye raises minimum wage by 30%


ISTANBUL

Türkiye raises minimum wage by 30%

President Recep Tayyip Erdoğan announced that the minimum wage will be raised by 30 percent to a base of 5,550 Turkish Liras.

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The minimum wage for 2022 initially was raised more than 50 percent to a base of 4,253 Turkish Liras ($275) in December.

The hike of the net monthly take-home pay to 5,500 liras means the nominal minimum wage has nearly doubled since the end of last year.

It stood at 2,826 liras in late December and 4,253 liras in January.

Türkiye, Economy,



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