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

Trends of Minimum Wage in Gold Terms

The minimum wage has a critical importance in terms of labor and employment policies. Particularly, examining the minimum wage's gold equivalent over past years is essential to evaluate its effects on the economic situation and inflation. In this article, we will discuss how the minimum wage has changed in gold terms from 2004 to 2024.

Changes in Minimum Wage in Gold Terms from the Past to the 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 they reveal the changes in the purchasing power of the minimum wage.

Conclusion

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