Posted on 01/10/2020 6:33:23 AM PST by Oldeconomybuyer
* Fewer suicides occur when minimum wages are higher during periods of elevated unemployment, according to a new study.
* Every $1 increase in the minimum wage is associated with a 6% reduction in suicide for high school grads.
* Boosting the minimum wage by $1 could have saved 27,550 lives from 1990 to 2015, the study says.
Raising the federal minimum wage, which hasn't increased in more than a decade, might accomplish far more than simply offering U.S. workers a boost in pay. New research suggests that lifting the baseline wage could also stop thousands of Americans from killing themselves.
The study found that a higher minimum wage made the biggest difference in periods of high unemployment. Every $1 increase in the baseline wage could have saved more than 27,000 lives from 1990 to 2015, the authors estimated.
The research comes at a time when so-called "deaths of despair" are rising, with Princeton economists finding rising mortality rates for less educated white Americans. Their theory: Life for many lower-skilled workers has become a literal dead end, with chronic unemployment, poverty-level wages and a lack of opportunities leading to higher rates of alcoholism, drug abuse and suicide.
"Life expectancy of the richest 20% of Americans has increased over the last three decades, while life expectancy of the middle 60% has changed little, and has decreased for the poorest 20%," wrote the Emory University authors, who specialize in epidemiology and behavioral health. "Minimum wage increases may be one intervention to reduce income-based disparities in life expectancy, including from suicide."
Economists have also examined whether a higher minimum wage could reduce deaths of despair.
(Excerpt) Read more at cbsnews.com ...
No
How many lives could be saved if the Minimum Wage were raised to $100 an hour?
What kind of crap is this? More made-up non-facts.
Lowering taxes form our oppressive government would increase jobs more.
Banning Television would save more lives.
Minimum wage is $0.00. They never seem to understand that you can’t pay people more than they produce. Artificially raising wages will either cause the goods and services prices to increase or the company let’s people go or close entirely. They have learned nothing from their past endeavors.
Fact free statistics are about what is left to the glowBullists.
Sheeeyit. 27,550 lives are ended on a weekly basis (give or take) thanks to abortion.
No but it might cause thousands as people are denied the chance to get an entry level job.
It basic supply and demand equation. Artificially raise the cost of the supply with price controls, you reduce the demand for the item. In this case, unskilled labor.
There are only two beings who know whether a suicide has been prevented or not: the individual, and God.
No amount of research could ever quantify “prevented suicides”. This is because researchers cannot possibly “know” for a fact that a real incident was really prevented.
That's because automated kiosks can't kill themselves.
How much was that Grant worth? And who instructed them to come up with this answer.....which makes no sense at all.
I would predict more suicides (and homicides) and, of course, homelessness.
Dems know this, and persist in deceiving those among the lower scale earners on its voter plantation.
No. Next question?
Social statistics... ha, ha, ha.
Who paid the researchers, I’d like to know.
association is not the same as cause
LOL. This is beyond parody. People are being driven to suicide by the evil Republicans not raising the minimum wage!! What about preventing suicide by opening up the job market to unskilled people by getting rid of the minimum wage?
I saw a version of this on local TV. It doesn’t seem they included the people who get hours cut or laid off completely in the report.
That’s very deceptive.
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