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

The Share of Minimum Wage in Per Capita Income

Minimum wage 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.

From the 1970s to the 1980s: Declines and Increases

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

Transition Period from the 1980s to the 1990s

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

From the 2000s to Today: Increases and Decreases

• 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 changed continuously since the 1970s. This change has been influenced by factors such as economic conditions, inflation, and government policies. For example, the share in 1974, which was 80.6 percent, decreased to 40.0 percent by 1980.

Future Expectations

Economic indicators suggest that the share of minimum wage in per capita income will continue to fluctuate in the coming years. Decisions made by the government and economic stability are direct factors that will affect 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 hold significant meaning not only for workers but also for the overall economy.