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Minimum wage in Turkey to be $396 in 2017

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Staff Writer | December 29, 2016
Labor Minister Mehmet Müezzinoğlu announced the net monthly minimum wage for 2017 as 1,404 Turkish Liras ($396).
Mehmet Müezzinoğlu
Doing business   Labor Minister Mehmet Müezzinoğlu:
"The minimum wage in Turkey is rising from 1,300 Turkish liras per month ($368) to 1,404 liras ($397) per month as of 2017, after reaching agreement with stakeholders,” Müezzinoğlu told a press conference.

The new gross minimum wage, before such deductions as social security premiums and income taxes, is 1,777 liras ($502.6).

The new wage set by the Minimum Wage Commission, made up of government officials and representatives of workers and employers, is significantly below the demand of workers' representatives.

Last year the minimum wage got a hike of nearly 30 percent to 1,300 liras ($446), in line with the ruling Justice and Development Party's (AKP) campaign pledge ahead of the Nov. 1 elections to raise the wage substantially.