10.10.2025 11:41
MÜSİAD President Burhan Özdemir made a noteworthy statement regarding the minimum wage during a live broadcast he attended. Özdemir emphasized that the inflation affecting the minimum wage should be taken into account, and that a growth rate should be added on top of that. On the other hand, Özdemir called for a regional minimum wage application, stating, "A law is needed. I believe this would be beneficial."
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The President of the Independent Industrialists and Businessmen's Association (MÜSİAD), Burhan Özdemir, made striking evaluations during a live broadcast on CNBC-e.
Özdemir, who made statements regarding the eagerly awaited minimum wage for 2026, said, "It is necessary to consider the realized inflation plus a share from the national income, not the expected inflation. It would be nice to announce the minimum wage by adding it to the growth rate. I won't give a figure."
"INTEREST RATE CUT OF 100-150 BASIS POINTS FROM THE CENTRAL BANK" Highlights from MÜSİAD President Burhan Özdemir's statements are as follows: "The business world has learned to progress without getting stuck on data. The rise in inflation in September does not create serious fragility in the business world. We are facing an increase in September that is higher than the past 10 years. This figure may be a bit concerning. Since June, we have been observing a deterioration in pricing behavior. We have stated that more focus should be placed on core inflation. We can see that there is resistance here. There is a process of being convinced that inflation and interest rates are in a downward trend. I see a bit of slowdown and a break here.
We expect an interest rate cut in the range of 100-150 basis points at this month's meeting of the Central Bank. We left the period where we would use the interest-inflation relationship solely in the summer months. I think this reduction will continue in December as well. We do not expect a shock reduction.
MÜSİAD General President Burhan Özdemir. "THERE ARE VERY SERIOUS PROBLEMS REGARDING ACCESS TO MONEY" There is a balance that the market has established since COVID. If a monetary policy focused solely on reducing inflation is pursued, we would destroy many market factors. There are very serious problems regarding access to money. The interest rate policy is not driven by banks in direct proportion to the decrease in the policy interest rate. It is difficult to say that interest rate cuts are fully reflected by the banks.
"I WON'T GIVE A FIGURE REGARDING MINIMUM WAGE" On the one hand, there is the industrialist regarding the minimum wage. The industrialist desires that the TL costs of producers do not rise and that the minimum wage is not announced too high. On the other hand, I think a meaningful message should be given to households. I believe that society needs an announcement that is somewhat above the expected minimum wage. I think households need morale. It is necessary to consider the realized inflation plus a share from the national income, not the expected inflation. It would be nice to announce the minimum wage by adding it to the growth rate. I won't give a figure. I believe that the figure that is added to the country's growth rate without falling below the inflation data in the public's earnings will be more sustainable.
"REGIONAL MINIMUM WAGE COULD BE BENEFICIAL" The regional minimum wage was applied until the 1980s. A law is needed. I think this would be beneficial. I believe that the regional minimum wage would present a much better approach. Perhaps it could be implemented as a pilot in Istanbul. It could be a good opening.
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