11.10.2024 08:20
As the minimum wage for 2025 becomes a topic of curiosity, various predictions have started to emerge regarding the figure. Recently, German Deutsche Bank announced that they expect the minimum wage to increase by 25-30% in the new year, while the workers' sector, which is not satisfied with this figure, is expecting a minimum raise of 40%. So, how much of an increase will be made to the minimum wage? Here are the projected figures based on percentage estimates.
While millions of minimum wage workers are focused on the salary increase, eyes are turned to the Minimum Wage Determination Commission, which will meet in December.
WORKERS' EXPECTATION FOR A RAISE IS 40%
Inflation plays a critical role in the minimum wage increase. The Medium-Term Program predicts an inflation rate of 41.5% by the end of 2024. Therefore, the minimum raise expectation of the worker group that did not receive a mid-year raise in July is 40%.
DIFFERENT SCENARIOS CONTINUE TO EMERGE
While the expectations of the worker group are in this direction, different scenarios regarding the minimum wage increase continue to emerge. Some economists predict that the raise will trigger inflation and express that the rate will be kept lower, while forecasts are also coming from international organizations.
GERMAN BANK'S MINIMUM WAGE FORECAST
Recently, German Deutsche Bank announced its forecast for the minimum wage in 2025, stating that they expect an increase in the range of 25-30%. Economists are also making predictions in this direction, with opinions that the raise will be in the range of 35-40%. So, how much will the minimum wage be in 2025? Here are the increased amounts according to proportional forecasts.
25%: 21,252 lira
30%: 22,102 lira
35%: 22,952 lira
40%: 23,802 lira
45%: 24,652 lira
50%: 25,503 lira