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Türkiye’s minimum wage debates amid global comparisons

Türkiye's minimum wage debates amid global comparisons Turkey surpasses all BRICS countries with a $515 minimum wage but ranks second to last in Europe at €480 (AA Photos)
By Omer Faruk Bingol
Jul 13, 2024 4:38 PM

As discussions on minimum wage continue in Türkiye, the country’s global position is increasingly under scrutiny. Compared to BRICS nations, all of which have minimum wages below $412, Türkiye stands out with a minimum wage of $515, the highest among these countries. However, in Europe, Türkiye ranks second to last with a minimum wage equivalent to 480 euros, highlighting significant disparities across different regions.

Despite ongoing debates, the government has announced there will be no “interim increase.” Nevertheless, unions like DISK, TURK-IS, and HAK-IS held a joint press conference last week, demanding an immediate wage increase through a 10-point declaration.

In Türkiye, the six-month inflation rate surged to 24.73%, leading to a corresponding rise in retiree benefits. Concurrently, salaries for civil servants and retired civil servants saw a 19.31% increase.

Continuation at 17,000 for minimum wage

For the past two years, the minimum wage, which has seen interim increases, currently stands at a net ₺17,000. If no interim increase occurs, this amount will remain unchanged until the end of the year. Recently, Treasury and Finance Minister Mehmet Simsek stated that the minimum wage in dollar terms is “not at low levels” compared to similar countries.

Minimum wage comparison

Region / CountryMinimum wage ($)Minimum wage (€)Remarks
Türkiye515480Second lowest in Europe
BRICS Countries
Russia218200Lowest among BRICS
South Africa248228
Indonesia325299
China370340
Brazil412379Highest among BRICS
European Countries
Bulgaria477Lowest in Europe
Romania663
Hungary697
Lithuania700
Slovakia750Highest among lowest 5 in Europe
Other Countries
Morocco344316
Georgia299275
Mexico271249
Azerbaijan221203
Ukraine192177
Tunisia174160
Egypt136125

When compared to neighboring countries and other developing nations, Türkiye’s minimum wage appears relatively higher.

Last Updated:  Jul 13, 2024 5:42 PM