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

Trends of Minimum Wage in Terms of Gold

Minimum wage is of critical importance in terms of labor and employment policies. In particular, examining the gold equivalent of the minimum wage in previous years is essential for evaluating its impacts on economic conditions and inflation. In this article, we will discuss how the minimum wage has changed in terms of gold from 2004 to 2024.

Change in 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 showcase the changes in the purchasing power of the minimum wage.

Conclusion

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