minimum wage economic impact

Northern Minimum Wage Stands Firm Amid Controversy

The new minimum wage in the north has been set at a gross amount of 40,436 TL (around €1,060), surpassing the Republic’s minimum wage of €1,000. Despite business owners’ protests, the Minimum Wage Determination Commission upheld this increase, highlighting the struggle between rising wages and the declining value of the Turkish Lira, complicating the economic landscape for workers and employers alike.