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 ...
Another example that leftism truly is a mental disorder lacking in even a modicum of common sense.
“Leftists know so much...that isn’t true” - Ronaldus Magnus
No, maybe more likely to cause them. Raising the minimum wage is not a panacea, certainly not utopia.
As the number of Prius’s increased, suicides rose.....simple...ban those killer Toyotas...
The actual paper (https://jech.bmj.com/content/early/2020/01/03/jech-2019-212981) takes due care to note the limitations of the research; count on Rats and other libs to ignore that.
“Our observation that the lowest suicide rates occurred when both minimum wage and unemployment were high could be partly explained by the generosity of other unmeasured state programme, such as unemployment insurance, though state fixed effects might partially control for this. Prior research on unemployment and suicide in the USA has reported a buffering effect of more generous state-level unemployment benefits21 and increased social welfare spending.8 Another explanation could be related to sociological aspects of unemployment, such as that when unemployment is high an unemployed individual is less likely to feel a failure or isolated, compared with during times of low unemployment.29”
Turning to GOD will prevent suicides!
Turn AWAY from today's narcissistic, Godless culture!
Quit living in the false utopia presented in social media and develop real human relationships.
Parents must return to PARENTING!!!!
No ... suicide is a mental issue, no a financial one.
If we want to play cause and association it’s possible that more disposable income will lead to more drug related deaths.
Le génie humain a des bornes,Mais la sottise n’en a pas
In English : “Human genius has its limits, but stupidity does not.”
Left unsaid by these stupid bastards - the minimum wage would easily be $20 to $30 right now, and without any legislation nor hectoring by the oh-so-caring virtue signalers - if America had not been invaded by illegal mass migration. Estimates vary though there are Tens of Millions of foreign nationals who drain city coffers, state and federal budgets and drive entry level wages to historic lows.
It is absolutely intolerable and has long been a “bipartisan” affair. In fact, it wasn’t all that long ago that Democrats still recognized that importing foreign labor and outsourcing factories was a death knell to American workers. Now we witness even at the highest levels Union Leadership giving their blessing to aliens taking American jobs - careers, presumably in exchange for $$$. Nothing else makes any sense.
Reason #3745864 “Why You Got Trump.”
Completed it.
December Jobs Report: 145,000 Jobs Added, Unemployment At 3.5%
1/10/2020, 6:21:35 AM · by Red Badger · 19 replies
Dailycaller.com ^ | January 10, 2020 8:37 AM ET | Mary Margaret Olohan
Somebody save that poor man!
Oh, Lordy Lord...Do what he say! Do what he say!
Also, sending large amounts of cash to AlGore will cause Mister Sun to cool Mother Earth’s climate....
BWAHAHAHAHA.
That would be jobicide.
But it’s going to make dandy propaganda for the Democrats to use in the campaign.
Which is clearly the idea behind it in the first place.
This article is preposterous but as long as the GOP remains the virtue signalling wage killing party of H-1B visas and other forms of unbridled LEGAL immigration then I am all for raising the minimum wage.
No, but it could put millions of people out of work.
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