Last minute! Statement on minimum wage increase from Minister of Labor Işıkhan! There will be no need for a second raise

While millions of employees were wondering about the increase in the minimum wage in January 2024, flash statements came from the Minister of Labor and Social Security, Vedat Işıkhan. Minister Işıkhan signaled a single increase in the minimum wage that will be valid in 2024.

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Minister of Labor and Social Security Vedat Işıkhan, in his statement after the Cabinet meeting held yesterday under the chairmanship of President Recep Tayyip Erdoğan, signaled a single increase in the minimum wage that will be valid in 2024.

Işıkhan said, “Just like in July, our principle is not to be overwhelmed by inflation. As you know, the minimum wage has always been once a year. We are working on a single increase again.” Here are the highlights from Işıkhan’s statements…

– As in July, our principle is not to be overwhelmed by inflation. As you know, the minimum wage was always once a year. Again, we are working for a single raise.

– Minimum wage negotiations will begin in December. The decision must be published in the Official Gazette as of December 31. Therefore, it will be like what we did last July. As you know, the minimum wage was always once a year. Again, we are working for a single raise. Last July was extra.

– This happened after it was needed, with the foresight of our President. But if the need arises, we can come together. Hopefully there will be a decline in inflation next year. We will not hold a second meeting in July, we think there will be no need for a second raise. Because all parameters are going well.

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