Will there be a single increase in the minimum wage? Will the minimum wage increase occur once in 2024?

Minister of Labor and Social Security Vedat Işıkhan answered journalists’ questions after the Cabinet meeting held yesterday under the chairmanship of President Recep Tayyip Erdoğan.

WILL THERE BE A SINGLE INCREASE IN THE MINIMUM WAGE?

Minister Işıkhan signaled a single increase in the minimum wage that will be valid in 2024 and said, “As in July, our principle is not to be overwhelmed by inflation. As you know, the minimum wage was always once a year. “We are still working on a single raise,” he said.

“THERE WILL BE NO NEED FOR A SECOND INCREASE”

Stating that the minimum wage meetings will start in December, Işıkhan said, “The decision must be published in the Official Gazette as of December 31. Therefore, it will be the same as we did last July. As you know, the minimum wage has always been once a year. We are working on a single increase again. Last July “It was extra. It 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 increase. All parameters are going well because,” he said.