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Minimum-wage workers in Turkey just got a 49% pay rise, but they re probably not that happy about it

A currency exchange shop in Istanbul, Turkey. Chris McGrath/Getty Images Turkey's Labor Minister Vedat Isikhan announced the country's minimum wage will…

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Turkey s 49% Minimum Wage Hike Balances Between Unions, Markets

(Bloomberg) Turkey will raise the minimum wage by 49% in the new year, close to a level that several Wall Street lenders have warned would complicate the central bank’s efforts to curb inflation. Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerApple Resumes Sale of Watches After Appeals Court Lifts US BanTesla Plans Revamp of Smash Hit Model Y From China PlantGhost Ships at Reawake

Erkin isikBaris balciHafize gaye erkanBloomberg businessweekErgun atalayTayyip erdoganVedat isikhanTurkey labor unions confederationMorgan stanleyGoldman sachs group incWall streetLabor minister vedat isikhanGoldman sachs groupPresident recep tayyip erdoganLabor unions confederationMorgan stanley

Turkey Raises Minimum Wage by 49% in 2024, With Inflation Headed to 70%

Turkey will raise the minimum wage by 49% in the new year to take some of the pressure off living costs before local elections in a country where inflation is on track to surpass 70% in the months ahead.

Vedat isikhanLabor minister vedat isikhanMinimum wageCredit ratingWall streetMonetary policyGoldman sachs group inc

Turkey Lifts Minimum Wage by 49% for 2024 as Inflation Soars

(Bloomberg) Turkey will raise the minimum wage by 49% in the new year to take some of the pressure off living costs before local elections in a country where inflation is on track to surpass 70% in the months ahead.Most Read from BloombergThe Late-Night Email to Tim Cook That Set the Apple Watch Saga in MotionChinese Carmaker Overtakes Tesla as World’s Most Popular EV MakerTesla Plans Revamp of Smash Hit Model Y From China PlantApple’s iPhone Design Chief Enlisted by Jony Ive, Sam Altman to W

Bloomberg businessweekTayyip erdoganVedat isikhanGoldman sachs group incMorgan stanleyLabor minister vedat isikhanWall streetSachs groupPresident recep tayyip erdoganMinimum wageMinister vedat isikhanEconomic policiesPrice growthChronic inflation

Turkey lifts net monthly minimum wage by 49 per cent for 2024 as inflation soars

Turkey lifts net monthly minimum wage by 49 per cent for 2024 as inflation soars
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