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

Share of Minimum Wage in Per Capita Income

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

Decline 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 Period from the 1980s to the 1990s

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

Increases and Decreases from the 2000s to Present

• 2003: 51.9 percent
• 2018: 52.7 percent
• 2023: 45.2 percent
• 2024: 46.5 percent
• 2025: 43.6 percent is projected.

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 in 1974, which was 80.6 percent, fell to 40.0 percent by the year 1980.

Future Expectations

Economic indicators suggest that the share of minimum wage in per capita income will continue to fluctuate in the coming years. The decisions made by the government 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 condition of society. The changes in this share over time have significant implications not only for workers but also for the overall economy.