Turkey is the country with the highest proportion of its workforce receiving the minimum wage in Europe. The government has decided recently to increase the minimum wage in Turkey to 1300 TL (about 450 USD). The increase compares with a November inflation rate of 10.56%, which declined steadily after hitting 25% in late 2018, following a currency shock in the summer of that year. Minimum Wages in Turkey was 375.666 USD/Month in 2020. Turkey's minimum wage was last changed in 1-Jan-2016. Turkey's yearly minimum wage is $7,069.00 in International Currency. Pay-cycles are determined by employers, and payslips can be electronic statements. Content © 2020 Minimum-Wage.org, all rights reserved. Contact. Turkey Minimum Wage. Note: Dollar figure represents USDTRY annual average in central bank prices. Barbados BDS$ 6.25 ($3.13) per hour for household domestics and shop assistants; the Ministry of Labor recommends all other sectors use this as the de facto minimum wage. There are 27 … Current minimum wage: 2,324 TRY. ... Prices on the site are in USD. This is considered one of the biggest promises that AKP said it would do in their recent election campaign, this resolution will take effect starting this January. Labour Costs in Turkey decreased to 222.13 points in the third quarter of 2020 from 256.60 points in the second quarter of 2020. A person working in Factory and Manufacturing in Turkey typically earns around 5,350 TRY per month. The country-specific information on national minimum wages is available in annex. Federal Minimum Wage | Have a confidential tip for our reporters? Minimum Wages in Turkey averaged 692.54 TRY/Month from 1990 until 2020, reaching an all time high of 2943 TRY/Month in the second quarter of 2020 and a record … Turkey will increase the minimum wage by 26 percent in 2019, for a monthly minimum wage of 2,020 lira ($381), the labour minister said on Tuesday. The current net minimum wage in Turkey is 2,324.71 Turkish Lira (TRY), which is approximately 303 US dollars or 240 Euro. Minimum wages in China continue to grow. In general, things that are expensive in Izmir are equally expensive elsewhere in Turkey, so you cannot continue to live like you do at home if you are not earning that high amount of money. Turkey's minimum wage rate is 1647 Turkish lira per month for all employees. The following list provides information relating to the minimum wages (gross) of countries in Europe.. Latest statistics on minimum and average salaries in Turkey. About 10 million workers -- almost a third of the 33-million-strong labor force -- earn the minimum wage or slightly higher, according to a study by the Confederation of Progressive Trade Unions of Turkey. So far, in 2020, Fujian, Qinghai, and Guangxi have raised their minimum wages. “It’s a reference salary for all workers,” Murat Birdal, an academic at Istanbul University’s Faculty of Economics, said by phone. Salaries vary drastically between different Factory and Manufacturing careers. ... Prices on the site are in USD. President Recep Tayyip Erdogan weighed on the debate on Dec. 20, saying he would “make a gesture” that would please both workers and employers. Most experts expect an increase of around 15 percent, only slightly more than the official inflation rate. Turkey has a government-mandated minimum wage, and no worker in Turkey can be paid less then this mandatory minimum rate of pay. In April, Turkey’s economy underwent a major shift to a new system that will change the way the government and economy operate. Before it's here, it's on the Bloomberg Terminal. Turkey’s minimum wage, earned by almost a third of the workforce, has been raised by 15% for 2020, after dissatisfaction with the economy hurt President Recep Tayyip Erdogan’s ruling party in municipal elections. Gross Min Wage The Minimum Wage Commission has announced the gross minimum wage for 2020 as 2.943 TL, with an increase of 15.03%.. A downturn in the economy, accompanied by a surge in inflation in 2018, was a major factor in the ruling AK party’s losses in municipal elections earlier this year. In Turkey roughly 7 million out of the 29.6 million work force are working on the minimum wage. Employers in Turkey who fail to pay the Minimum Wage may be subject to punishment by Turkey's government. Turkey: Average Salary, Minimum Wage & Mortgages. Monthly minimum wages - bi-annual data. Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. 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