The statement of “minimum wage” from administration: “It is necessary to intervene seriously”

Nihat Zeybekci, a member of the Presidential Economic Policy and former Economy Minister, said stated that the minimum wage should be looked at again. He went on to say, “It is necessary to intervene seriously. It is necessary to take measures to increase the incomes of our people. If necessary, the minimum wage should be looked at again in the middle of the year.”

The 50 percent increase in minimum wage, made at the beginning of 2022 unluckily melted away due to sky-rocketing inflation of over 50 percent in the first quarter of the year. Furthermore, pensioners are observed to be in great difficulty also, as the rate of increase they were given in 2022 was slightly over 25 percent.