After Erdoğan's statements, a 45% increase in the minimum wage for the year 2025 has started to be discussed.

The countdown for the minimum wage has begun. Millions of citizens are curious about the salary increase in 2025. After President Recep Tayyip Erdoğan's statement that "we will not let inflation erode" the minimum wage, all calculations have changed. While it was previously estimated that the minimum wage would increase by around 30% for 2025, following Erdoğan's remarks, expectations in the market have risen to around 45%.

As we are now in the final months of the year in a high inflation environment, the discussion about the minimum wage for 2025 is taking a significant place in the agenda. In an environment where it is discussed that the minimum wage will be determined based on targeted inflation rather than actual inflation, Erdoğan stated, "We will not let any segment of society, whether it is our retirees, civil servants, or minimum wage earners, be eroded by inflation. This has been the case for the last 22 years, and it has been the same for the last year; it has not changed this year either."

ESTIMATES HAVE INCREASED

Following Erdoğan's remarks, the rates discussed for the minimum wage have also changed. A 35% increase rate was almost described as a dream, while after Erdoğan's statement, expectations arose that the figure to be released by the Minimum Wage Determination Commission could be even higher.

The minimum wage, which has been 17,002 lira since January 2024, did not receive a mid-year increase in July, and its value has eroded against inflation.

CENTRAL BANK'S YEAR-END INFLATION ESTIMATE IS 44%

According to the Central Bank's latest report, the inflation estimate for the end of 2024 is 44%. If a wage increase above inflation is made for the minimum wage, for example, if a 45% increase occurs, the minimum wage for 2025 will be 24,500 lira.

With a 40% increase, the new minimum wage will be 23,802 lira.

If a 35% increase is made to the minimum wage, the new amount will be 22,953 TL, and if a 30% increase is made, it will be 22,102 TL.