The New Minimum Wage to be Applied in 2024 has been Determined as 17 Thousand 2 TL

Minister Işıkhan, who announced the minimum wage that will be valid for 2024 at the meeting, shared the following information:

“As you know, in July, the net minimum wage was 11 thousand 402 liras, with the 500 lira minimum wage support provided by our state. Now, we have determined the net minimum wage as 17 thousand 2 lira, which will be valid as of January 1, 2024, of which 700 lira is minimum wage support. I hope it will be beneficial to our country and nation. With this figure, there has been a 49 percent increase in the net minimum wage compared to the previous period and a cumulative increase of 100 percent compared to the previous year. In addition, we have increased the minimum wage by 3 and a half times in real terms since 2002. We are pleased to have once again fulfilled our promise not letting our employees getting crushed by the inflation with the new amount. Our government will continue to stand by its workers, employers and all its citizens with all its institutions and organizations.”

Reminding that the minimum wage, which is a social protection wage, represents the lowest limit of wage policies in working life, Minister Işıkhan said, “The ultimate goal of the Commission is to determine this limit by taking into account the opinions, demands and current socio-economic conditions of all parties. First of all, I would like to thank all stakeholders who carried out this process on a common basis with their positive and reasonable approaches, Mr. Ergün Atalay, President of the Confederation of Turkish Trade Unions Türk-İş, and Mr. Özgür Burak Akkol, President of the Confederation of Turkish Employers' Unions TİSK, and the members of the commission," he said.

“I find it important for the future of our working life to exhibit all kinds of constructive approaches that will contribute to social consensus.”

Stating that the employer and employee parties reached a consensus on the most appropriate point, considering the current conditions of the employees, employers and the country, Işıkhan continued as follows:

“I would especially like to emphasize that, in addition to setting a minimum wage limit, I find it very important for the future of our working life to demonstrate all kinds of constructive approaches that will contribute to social consensus in solving problems. Of course, I would like to express my greatest gratitude to our President, Mr. Recep Tayyip Erdoğan, who, with his strong will and vision, leads our determination not letting any of our citizens getting crushed by the inflation to and to protect workers, employers and employment at the same time. I believe that the new amount determined within the framework of the opinions expressed by the workers and employers and as a result of the commission meetings will satisfy all our citizens, especially our employees who are subject to the minimum wage and their families."

“Türkiye Century, will continue to move forward with determined steps, joining hands with its workers, producers, employers and investors."

Minister Işıkhan emphasized that the workers, producers, employers and investors of the "Türkiye Century" will continue to move forward with determined steps in the spirit of unity and solidarity, and said: Minister Işıkhan emphasized that the workers, producers, employers and investors of the "Türkiye Century" will continue to move forward with determined steps in the spirit of unity and solidarity, and said: “We will continue to fulfill our social state responsibility for the prosperous future of our nation by using all our means. "We will continue to create added value for the construction of the strong Türkiye of the future with our investment, production and employment vision," he said.

Noting that they will continue to meet the needs of working life in consultation with all stakeholders, common sense and unity of power, as they have done so far, Işıkhan said, “With this understanding, we will continue to protect social peace and labor peace, which are the biggest driving force of our development move. I hereby express once again that we are determined to make the Türkiye Century the century of labor and production under the leadership of our President, Mr. Recep Tayyip Erdoğan. I hope that the new minimum wage will be beneficial for our working, producing and growing country and our beloved nation," he said.