The minimum wage hike continues to follow the last-minute developments. While the studies on the subject continue, millions of citizens ask, “How much will the minimum wage increase be? How much is the new minimum wage, how much is it?” He began to search for answers to his questions. While the new minimum wage will be evaluated together with the inflation rates and studies are carried out in a way that will not crush the citizens with inflation, Vice President Fuat Oktay made important evaluations regarding the 2023 minimum wage.
While the new minimum wage will be evaluated together with the inflation rates and studies are carried out in a way that will not crush the citizens with inflation, Vice President Fuat Oktay made important evaluations regarding the 2023 minimum wage.
Fuat Oktay used the following expressions: In order to minimize the effects of price increases on citizens through tax cuts, tax revenue of 2022 billion liras was given up in 276,8. Effective from 1 July, the minimum wage has been net 5 thousand 500 liras. The cumulative increase rate of the net minimum wage compared to 2021 is approximately 95 percent. The Minimum Wage Commission, which took its last two decisions unanimously by the workers and employers, will start its work in December to determine the minimum wage for 2023. We believe that the minimum wage will be determined with the full agreement of the workers and employers at a level that will satisfy all segments of the society.
When are the Minimum Wage Meetings?
Minimum wage determination committee meetings will be held for the minimum wage increase. The calendar for the first meeting will be determined on Thursday. Bilgin, Minister of Labor and Social Security, will meet with TÜRK-İŞ and TİSK.
Will there be a 50 percent increase in the minimum wage?
“Will there be a 50 percent increase in the minimum wage?” The answer came from Vedat Bilgin, Minister of Labor and Social Security. To the question asked, the Minister said, "We need to focus on a realistic figure, not an imaginary one." gave the answer.
How is the Minimum Wage Determined?
The minimum wage is still at the level of 5 thousand 500 TL net. The new wage, which will be effective as of January 1, 2023, will be clarified as a result of the work of the Minimum Wage Determination Commission.
The Minimum Wage Determination Commission, which consists of 5 people, 15 representatives from the employee, employer and government, determines the minimum wage as required by law. The Commission meets four times as part of the work to determine the new minimum wage.
The commission, chaired by one of the members determined by the Ministry, convenes with the participation of at least 10 members and decides by majority vote. In case of equality of votes, it is accepted that the party with the president wins the majority.
When Will the Minimum Wage Increase Be Determined?
The Minimum Wage Commission will start its work in December to determine the minimum wage for 2023. After three meetings to be held, the 2023 minimum wage hike will be announced.
According to this; The minimum wage hike is expected to be announced by the last week of December.
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