The Change of Minimum Wage in Terms of Gold: From 2004 to 2024

The Trend of Minimum Wage in Terms of Gold

The minimum wage is critically important in terms of labor and employment policies. In particular, examining the historical value of the minimum wage in gold is significant for assessing its effects on the economic situation and inflation. In this article, we will discuss how the minimum wage has changed in terms of gold from 2004 to 2024.

Change of Minimum Wage in Terms of Gold from Past to Present

• 2004: 27.7 grams of gold
• 2005: 31.5 grams of gold
• 2006: 23.6 grams of gold
• 2007: 24.2 grams of gold
• 2008: 23.6 grams of gold
• 2009: 19.3 grams of gold
• 2010: 17.3 grams of gold
• 2011: 13.2 grams of gold
• 2012: 13 grams of gold
• 2013: 15.8 grams of gold
• 2014: 17.1 grams of gold
• 2015: 16.9 grams of gold
• 2016: 19.3 grams of gold
• 2017: 17 grams of gold
• 2018: 14.1 grams of gold
• 2019: 13.8 grams of gold
• 2020: 10 grams of gold
• 2021: 9.6 grams of gold
• 2022: 8.9 grams of gold
• 2023: 11.2 grams of gold
• 2024: 11.2 grams of gold

These figures are based on a research report prepared by DİSK-AR and demonstrate the changes in the purchasing power of the minimum wage.

Conclusion

The change of the minimum wage in terms of gold is influenced by many factors such as economic conditions, inflation rates, and fluctuations in exchange rates. Therefore, it is vital to continuously access updated data to protect the purchasing power of the working class.