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Prof. Dr. Ümit ÖZLALE Özyeğin Üniversitesi Ekonomi Bölümü Başkanı

Impact Analysis of Minimum Wage Increase on Private Sector

64. Although the minimum wage regulation accelerated by our Period's Government will make an improvement in the purchase power of our low-income citizens and refresh the low domestic demand issues come in front of us as positive sides, the increase to be brought by this on the private sector labour costs must not be neglected. When the cost increase to be brought by the minimum wage increase is added to the economical uncertainty continuing in global scale and low economic growth, it is inevitable that already shrinking profitability rates will be lower and the business world will have a difficult situation.

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