The negotiations between the Ministry of Labor and Social Security, workers, employers and unions were finally settled. The Minimum Wage Determination Commission announced the new minimum wage amount for 2023 after the third meeting held today (20 June 2023). So, how much was the new minimum wage in 2023 after the hike?
What is the 2023 minimum wage? What is the net minimum wage?
The decline of the Turkish lira in the last few years could not be stopped. As a result, the prices of products imported from abroad increased considerably. In fact, since the taxes collected from technological devices such as smartphones and automobiles are much higher than others, the scissors were widened in these products.
Although it seems that the depreciation of TL has been prevented for a while, the cost of living is increasing day by day due to the inflation that is far above the desired level. In response, people’s salaries also rise to a certain extent, although this is not stabilizing.
As of today, the question of how much the new minimum wage will be in 2023 has been answered with a definite decision. As of next July, the current minimum wage of 8 thousand 500 TL has been increased with a 34 percent increase. 11 thousand 402 TLrose to
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