Furthermore, many states have enacted or proposed legislation to gradually increase the minimum wage by increments over the next several years to reach a specific wage. However, the states have the power to increase the federal minimum wage as 29 of them did. Hong Kong: HK$30 per hour is the minimum wage in Hong Kong . Decile ratios of gross earnings. Labour Costs in Turkey averaged 106.85 points from 2007 until 2020, reaching an all time high of 256.60 points in the second quarter of 2020 and a record low of 56.26 points in the second quarter of 2009. The minimum wage in Turkey is 2324 lira. Turkey’s monthly minimum wage is to increase for 2020, the government of Turkey said in a notice (Turkish).. Decile ratios of gross earnings. In April, Turkey’s economy underwent a major shift to a new system that will change the way the government and economy operate. In 2020, the national minimum wage in Turkey remained fixed at 440.3 € per month, that is 5,284 euros per year, taking into account 12 payments per year.. Salaries in Turkey range from 1,980 TRY per month (minimum salary) to 35,000 TRY per month (maximum average salary, actual maximum is higher). This table provides a summary comparision of international minimum wage rates with a calculated yearly minimum wage rate for each country in International Dollars, a measure of currency based on the United States dollar in 2009. Iceland Median Salary The median salary is 7,830 TRY per month, which means that half (50%) of the population are earning less than 7,830 TRY while the other half are earning more than 7,830 TRY. Turkey’s real hourly minimum wage: $5.80 USD; The lowest-paid workers in Turkey got a raise in 2017, when the monthly minimum wage increased from about $455 to $491. 48 2017 Minimum wages ranged from a low of 4,870.91 Honduran lempiras per month, 20.3 lempiras per hour to 7,850.56 lempiras per month, 31.8 lempiras per hour. The minimum wage in the United States is $7.25 per hour, the 12th highest in the world. 1 January 2017 Guinea: The labor code allows the government to set a minimum hourly wage; however, the government has not exercised this provision except for setting the minimum wage for domestic workers at 440,000 GNF ($62) per month. Incidence of low pay. 2019 Gross Monthly Wage has been determined as 2,558.40 TRY (net 2,020.91 for single employee) with a 26% wage hike. 15. Minimum Living Allowance (MLA/AGİ) is calculated on the basis of annual minimum wage in accordance with the marital status and the number of the children of the … Effective for 2020, Turkey’s gross monthly minimum wage is to be 2,943 Turkish lira (U.S. $494.63), up from 2,558.40 Turkish lira (U.S. $429.99) for 2019. E mployees’ net wages differ depending on their marital status, because of Minimum Living Allowance (MLA). When I had landed my first job as an engineer in 2016, I was offered a comical 1300 lira wage, while the minimum wage was also 1300 lira at the time. Average annual wages. Hourly Earnings (MEI) Minimum relative to average wages of full-time workers. Hungary: 101,500 Hungarian forint per month, 586 Hungarian forint per hour. Labour Costs in Turkey decreased to 222.13 points in the third quarter of 2020 from 256.60 points in the second quarter of 2020. Wage gap by age. The following list provides information relating to the minimum wages (gross) of countries in Europe.. Real minimum wages. The calculations are based on the assumption of a 40-hour working week and a 52-week year, with the exceptions of France (35 hours), San Marino (37.5 hours), Belgium (38 hours), United Kingdom (38.1 hours), Ireland (39 hours), Monaco (39 hours), and Germany (39.1 hours). Turkish government sets minimum wages for 2012 Turkish government has set minimum wage for workers above 16 years old at net 701.1 Turkish liras for the first half of 2012 and at net 739.8 TL for the second half of next year. £7.20 per hour ($8.79) for those aged 18+ £6.50 per hour ($8.49) for those aged 17–18. Gender wage gap (median) Incidence of high pay. Minimum-Wage.org provides a database of international minimum wage rates and labor law information for countries around the world. Turkey Minimum Wage. ) Incidence of high pay ( Gross ) of countries in Europe of minimum Living Allowance ( MLA ) database. Relative to average wages of full-time workers hour, the 12th highest in the world them.! 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