New Year periods are almost everywhere a threshold where economic expectations are recalibrated. In Turkey, however, this threshold has long been interpreted through the lens of wage increases. Minimum wage hikes, civil servant salary adjustments, collective bargaining agreements, and white-collar pay raises bring together very different expectations among groups exposed to the same inflation. The resulting picture is usually familiar: if wage increases are low, dissatisfaction grows; if they are…
Türkiye
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Demography and Power Balances
How Today’s Population Is Shaping the World of 2050 Demography is often a slow-moving force, yet its impact is remarkably deep. When trying to understand today’s political, economic, and military balances, most analyses focus on defense spending, technological capacity, or energy resources. In my view, however, the truly decisive factor is a quieter but far more persistent one: population structure. If current trends continue and no major corrective action is…