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Turkey announces new minimum wage

new minimum wage

new minimum wage

The net minimum wage will rise five percent to 846 liras ($406) in the first half of 2014, Labor and Social Security Minister Faruk Celik announced on Tuesday.

Another raise of six percent will follow in the second half, bringing the total amount to 891 liras ($428).

The two-stage raise of 5+6% is an improvement over 2013, which saw an increase of 4.1+4.4%.

Celik also said the minimum wage would now be the same for workers over and under the age of 16, a distinction that previously accounted for a 10-15% difference in salaries.

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