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

Trend of Minimum Wage in Gold Terms

Minimum wage holds critical importance in terms of labor and employment policies. Specifically, examining the historical equivalence of minimum wage in gold is vital for evaluating the impact on economic conditions and inflation. In this article, we will discuss how the minimum wage in gold terms has changed from 2004 to 2024.

Change of Minimum Wage in Gold Terms 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 highlight the changes in the purchasing power of the minimum wage.

Conclusion

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