Anker Reference Value Update Report 2023

This report updates the Anker Living Wage Reference Value for urban Türkiye to June 2023. The living wage reference value was originally estimated at TRY 4,954 in 2021. The updated value takes into account the inflation accumulated in the country from June 2021 to June 2023 (146.87%). The value updated to 2023 is TRY 13,087, and comprises a net living wage of TRY 9,332 and the social security, unemployment insurance and income tax payments mandatory for 2023, which amount to TRY 3,755. Without accounting for inflation, the living wage estimated in 2021 would not be sufficient for workers and their families to have a basic but decent standard of living in 2023, because the purchasing power of the living income would have decreased.

This report is an update to the original Living Wage Reference Value report written in 2021

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