Turkey begins 2025 minimum wage talks amid 47% inflation, aiming for a 25% wage increase.

Negotiations for Turkey's 2025 minimum wage began on December 10, involving workers, employers, and government representatives. The current minimum wage of around $488 per month is seen as insufficient due to 47% annual inflation. Market expectations call for a 25% wage increase, though labor unions demand more. Economists warn that higher wages could add to inflation, risking the 2025 inflation target. The International Monetary Fund recommends targeted financial aid instead of broad wage hikes. The talks, affecting about 9 million workers, conclude by December 31.

3 months ago
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