What will be the minimum wage in 2024?

With the arrival of December, issues that concern all citizens minimum wage debates started again. The negotiations that the government, employee and employer will come together will increase the minimum wage, which is currently net 11 thousand 402 TL. redetermination will provide.

The bargaining this time is a little more important than the previous ones. Because the Minister of Labor and Social Security, Vedat Işıkhan, in his statements on the subject A single minimum wage for 2024 He said it would be implemented. The fact that such an application will be made in an environment of increasing inflation, a solid increase It would be fair to say that it makes it mandatory. Because, according to experts, inflation will melt salaries within a few months.

So what do the parties think?

Vedat Işıkhan said that they wanted to prevent employees from being subjected to inflation. The employer segment is the minimum wage to be determined. should be balanced He wants it to be determined in a way that protects competitiveness and employment. The workers say that it cannot be lower than 14 thousand 25 TL and that this amount is enough for a family of four. hunger limit He says it is.

Meanwhile; One of the parties to the Minimum Wage Determination Commission established in the Turkish Grand National Assembly is the Confederation of Turkish Employer Unions (Turkish Confederation of Employers’ Associations).TISK), the other being the Confederation of Turkish Trade Unions (TÜRK-İŞLet us state that ) This year, for the first time, there will be 4 workers in the 5-person TÜRK-İŞ delegation. These employees will appear as cashiers, healthcare workers, energy workers and subcontracted workers working on highways and will be used in determining the minimum wage. They will contribute.

How much will the minimum wage be?

So how can the minimum wage be according to changing rates? Let’s take a closer look at some possibilities:

• In case of a 45 percent increase; net 16 thousand 533 TL, gross will be 19 thousand 451 TL. The monthly cost of this to the employer is 22 thousand 855 TL.
• In case of a 50 percent increase; net 17 thousand 104 TL, gross will be 20 thousand 121 TL. The monthly cost of this to the employer is 23 thousand 641 TL.
• In case of a 55 percent increase; net 17 thousand 673 TL, gross will be 20 thousand 791 TL. The monthly cost of this to the employer is 24 thousand 428 TL.
• In case of a 60 percent increase; net 18 thousand 243 TL, gross will be 21 thousand 462 TL. The monthly cost of this to the employer is 25 thousand 218 TL.

However, the increase may not be this high!

The new monetary policies and statements made in our country show that the minimum wage is as high as the examples above. may not rise it reveals. The number one reason for this is the inflation forecast of the Central Bank of the Republic of Turkey (CBRT) for 2024. According to CBRT forecasts, inflation will increase at the end of next year 36 percent It will happen as.

If this rate appears as a direct minimum wage increase, the minimum wage to be applied throughout the next year will be 15 thousand 506 TL will be at levels. If a rounding is done and a 40 percent raise is given, this time the net 15 thousand 962 TL We may encounter a figure like (16 thousand TL if rounded). We recommend that you note this number aside. Because the level of 16 thousand TL is also expressed by Cem Küçük, who met with the Minister of Treasury and Finance Mehmet Şimşek a few days ago.

The minimum wage expectations of some social media users are as follows:

So what is your minimum wage prediction? Don’t forget to share your ideas with us.