Last Minute Economic News: Minimum Wage Hike Marathon Begins in December
Exciting news is on the horizon as the countdown has officially begun for the new minimum wage increase. With millions of people curious about the new rate, the minimum wage has been raised to a net 17 thousand 2 lira with a 49.11 percent increase in January.
Minister of Labor and Social Security, Vedat Işıkhan, recently addressed questions about this important topic on TRT News. He announced that they will kick off the process of determining the new minimum wage in December, emphasizing that the goal is to set a figure that will not expose citizens to inflation. Additionally, Işıkhan mentioned that the minimum wage for 2025 will be determined through this process.
In light of the discussions surrounding the increase in minimum wage, Işıkhan also clarified rumors about traders raising prices during this period. He urged citizens not to take part in such actions, emphasizing the importance of maintaining stability in the market.
The Minimum Wage Determination Commission had its initial meeting in December last year, setting the stage for further discussions about the 2025 minimum wage increase. It is anticipated that the first meeting regarding this matter will take place in early December this year.
As the clock ticks down towards the new minimum wage announcement, the government is working diligently to ensure a fair and sustainable increase that will benefit all citizens. Stay tuned for more updates on this developing story.
