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

Trends of Minimum Wage in Terms of Gold

The minimum wage holds critical importance for labor and employment policies. Particularly, examining the historical minimum wage in terms of gold is significant for evaluating its impact 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.

Changes in Minimum Wage in Terms of Gold 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 the research report prepared by DİSK-AR and highlight 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 foreign exchange rates. Therefore, it is vital to have continuous access to updated data to protect the purchasing power of the working class.