The second provisional increase in the minimum wage has been announced. The date and amount will have minimum wage recipients jumping for joy.
An exciting last minute development has been announced that will affect millions of minimum wage workers. While the debate continues unabated on whether there will be an interim increase in the minimum wage, the statements of SSI experts have given hope to employees in particular. An interim pay rise for retirees is certain in July, but the issue of the minimum wage is still pending. While the government statement says there will be no interim increase in the minimum wage, social security experts have given figures and dates.
This time, a new statement on wage increases was made by economist Sheref Oguz. The famous economist, who made stimulating remarks about the minimum wage, announced the date of the minimum wage increase and the new amount. So, will there be a provisional increase in the minimum wage in July? How much will the minimum wage increase? Here is the latest news for those working at the minimum wage and the new minimum wage amount.
He gave the date for a second interim increase in the minimum wage.
Economic News reporter and economist Sheref Oguz shared new breaking news on the minimum wage hike. Providing the information that millions of employees have been waiting for, Sheref Oguz claimed that five different formulas are being considered when it comes to increasing the minimum wage. Providing behind-the-scenes information, the renowned economist said that the government is working on these formulas and trying to come to a compromise on a figure that will satisfy both the minimum wage and employers.
They must raise the minimum wage
Regarding the increase in the minimum wage, Şeref Oguz reminded the Turkish Trade Union Confederation of the latest hunger limit data. Onur Oguz said that the government needs to compromise on the increase because the minimum wage is below the hunger line, adding that legally the minimum wage cannot be lowered below the hunger line.
The well-known economist said the government received an important warning from the people in the local elections and now the existence of the state is in question, saying the people will not last until 2028. Onur Owuz also said the government is in danger of becoming a “lame duck” state and losing its base. For this reason, the well-known economist said it is necessary to increase the minimum wage and set a date for the increase.
The increase is decided by the president.
Economist Sheref Oguz also praised the government’s statement that the minimum wage will not be raised. Foreign Minister Onur Oguz said that although the Minister of Finance and the Minister of Finance are opposed to the issue of raising the minimum wage, President Erdogan will make the final decision on this issue, and in the process, he argued that the minimum wage should be raised instead of raising the civil servant salary coefficient. Then society will feel relieved.
When will the minimum wage increase take place?
Regarding the minimum wage increase in July, a well-known economist said that there may not be an increase in the minimum wage in July, but it may be increased in the third quarter. So Şeref Oguz cited the September minimum wage increase formula, because in September, the inflation rate is expected to fall to the range of 20-22 points due to base effects. Onur Oguz said that in this case, it is possible to have regulations on the minimum wage, and that the government plans to offer this as a blessing to the people. Foreign Minister Şeref Oguz said that each ministry is currently conducting four to five different studies on the minimum wage increase, and a presentation will be made to President Erdogan, and the final decision will be made by the president.
