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year earlier, the official data also showed. The youth unemployment rate rose to 24.9% from 23.3%.
Parliament in July gave President Recep Tayyip Erdogan the power to extend the layoff ban until July 2021. He is entitled to decide for each sector whether to extend the short labour pay benefit. The system awards additional pay to employees whose hours are curtailed.
4.5.2 Income dynamics
The poverty threshold for a four-person household stood at Turkish lira (TRY) 7,639 (7,045 in December) per month as of March while hunger threshold (minimum food expenditure for a four-person family) stood at TRY2,345 (TRY2,163 in December) and minimum cost of living for a single person was TRY2,847 (TRY2,650 in December), according to a monthly survey by the yellow labour union Turk-Is.
The monthly net minimum wage was TRY2,020 in 2019 and it was hiked to 2,324 for 2020.
Around 40% of Turkey’s labour force earns a minimum wage.
4.5.3 Retail sector dynamics
31 TURKEY Country Report September 2020 www.intellinews.com
