Turkish wage hike plan sets alarm bells ringing over economy
ISTANBUL | By Asli Kandemir
When Turkey's government increases the minimum wage by around 30 percent in January it will make good on an election promise to millions of workers currently struggling to make ends meet.
But unless it introduces strong countermeasures to soften the impact of such a steep rise on an uncompetitive and inflation-ridden economy, it also risks setting itself on a collision course with domestic employers and international investors.
More:Turkish wage hike plan sets alarm bells ringing over economy | Reuters
