SSI expert explained how much the minimum wage could increase

The Minimum Wage Determination Commission will meet in December. A commission of 15 people, 5 of whom are labor unions and 5 of whom are employer unions, will come together under the leadership of the Ministry of Labor. So what will be the minimum wage in 2025? Expert predictions on this subject continue to come.

Social Security Counselor Emin Yılmaz, who made a statement to Milliyet, said: He talked about the possible scenario of a possible increase in the minimum wage. Yılmaz shared his prediction by touching on the revised inflation rate in the MTP.

THE TARGET IS TO DECREASE INFLATION TO SINGLE DIGITS

Yılmaz mentioned the price stability criterion in the MTP covering the years 2025-2027 and stated that the target is to reduce the inflation rate to single digits.

Stating that the disinflation process in the minimum wage increase will proceed in a regular manner in order to prevent the wage-price spiral, Yılmaz said, “With the determined stance in monetary policy, the stabilization in domestic demand, the continuation of the stable improvement in the exchange rate, the decline in the main trend of monthly inflation will continue for the rest of the year and the annual increase rate of the CPI will continue at the end of the year.” “It is predicted that it will decrease to 41.5 percent,” he said.

“THE MINIMUM WAGE WILL NOT INCREASE UNDER AN INFLATION RATE OF 41.5 PERCENT”

Expressing that he thinks that the government will not leave low-income and retired people below inflation, Yılmaz said that there will be no increase in the minimum wage below the 41.5 percent inflation rate revised in the MTP.

WELFARE SHARE

Making a statement about whether the welfare share will come or not, Yılmaz said, “When we look at the wage determination principles here, the social and economic situation of the country, the living indexes of the wage earners, the general situation of the wages actually paid and the living conditions are taken into consideration. When we look at the previous minimum wage determinations, the welfare share above inflation is taken into consideration.” “We observe that an add-on has been made,” he said.

2025 YEAR-END INFLATION TARGET IS 17.5 PERCENT

Stating that the issue of whether the minimum wage will be determined once or twice in 2025 is of great importance, Yılmaz stated that the year-end inflation is targeted as 17.5 percent in the MTP.

“WE CAN SAY THAT THE MINIMUM WAGE WILL BE ABOUT 25 THOUSAND TL”

Yılmaz made the following prediction for the January 2025 raise:

“In light of these data, I believe that there will be a difference of around 45% to 50% in the minimum wage. If we express it in monetary terms, we can say that the minimum wage will be between 24 thousand 500 TL and 25 thousand TL.”