The Share of Minimum Wage in Per Capita Income: Historical Analysis

Share of Minimum Wage in Per Capita Income

The minimum wage is an indicator that provides important clues about a country's economic situation. In Turkey, the share of minimum wage in per capita income has shown significant fluctuations over time. In this article, we will examine the historical development of the share of minimum wage in per capita income.

Declines and Increases from the 1970s to the 1980s

• 1974: 80.6 percent
• 1975: 62.1 percent
• 1980: 40.0 percent
• 1981: 42.5 percent
• 1983: 48.6 percent

Transition from the 1980s to the 1990s

• 1989: 34.8 percent
• 1994: 40.5 percent
• 1998: 42.3 percent

Increases and Declines from the 2000s to Present

• 2003: 51.9 percent
• 2018: 52.7 percent
• 2023: 45.2 percent
• 2024: 46.5 percent
• 2025: Expected to be 43.6 percent.

Important Points in Historical Development

The share of minimum wage in per capita income in Turkey has continuously changed since the 1970s. This change has been influenced by factors such as economic conditions, inflation, and government policies. For example, the share of 80.6 percent in 1974 decreased to 40.0 percent by 1980.

Expectations for the Upcoming Period

Economic indicators suggest that the share of minimum wage in per capita income will continue to fluctuate in the coming years. Government decisions and economic stability are direct factors that will influence this situation.

Conclusion

The share of minimum wage in per capita income is an important indicator that summarizes the economic situation of society. The changes in this share over time are significant not only for workers but also for the overall economy.