Turkey Weighs Another Minimum Wage Hike to Relieve Price Pain
The Turkish central bank in Ankara.
Photographer: Miguel Angel Sanchez/BloombergThis article is for subscribers only.
Turkey’s Labor Ministry is set to hand President Recep Tayyip Erdogan proposals for another hike to the national minimum wage after he urged officials to relieve the burden from fast-rising prices.
Erdogan will be presented with a range of possible increases and the associated costs to the economy, according to officials familiar with the plans. He’s expected to consider the options after returning from a NATO leaders’ summit in Madrid on June 30, the people said.