Turkish workers seek higher minimum wage amid cost-of-living crisis, but government prioritizes inflation control.

Turkish workers are demanding a significant increase in the minimum wage to tackle the severe cost-of-living crisis, but the government is focused on controlling inflation, which hit 47.09% in November. This clash sets up challenging wage negotiations, with the central bank likely delaying interest rate cuts. The IMF advises support measures for the poor instead of a minimum wage hike, to avoid further inflation and business relocations.

December 04, 2024
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