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 ...
A tard asking a tard idiotic question......................omfg.
This is akin to saying that flies cause garbage, because where ever you see piles of smelly garbage, you see lots of flies.
So if you're a leftist, it's safe to assume that the flies cause the garbage!
Mark
Just make every Lotto Ticket a winner.
Nope, it would increase them. Ever notice how many athletes, those with college educations, get in trouble with all their money and end it all even though that OD was called a mistake? Remember Robin Williams?
And the higher taxes would take the increase away thus further confusing the improvement the minimum wage employee thought they were going to get. They’d either consider life over or go back to their parents basement to play videos games until they or their parents die and the house is sold. And time won’t remember them anyway.
rwood
Not very long, because the unskilled work is already too much for the employees who are already on 20 hours or less and not receiving any benefits. If the minimum wages go up, employees will be overall just let go, and the unskilled businesses will just shut down.
Would probably make the suicide rate worse, when they can’t get jobs at all.
My grandmother told me that when the Great Depression hit it was the wealthiest people who were jumping out of windows.
She and her Joe Six-Pack Irish clan made it through just fine.
Partisan Media Shills update.
You know what *might help*?!? Raising taxes, cutting tariffs, making sure infanticide is available everywhere, and making sure guns aren't! /s
Why stop at $100/hr? Raise it to $1,000/hr and eliminate suicides altogether.
Wonder how unemployment effects the suicde rate?
What utter BS based purely on sloppy conjecture.
The only good thing about the great depression was that it put everyone in their individual brackets on a more equal scale as the entire country was leveled. I was effected with my raises (?) in the military as just as soon as the wages went up, the cost of living went up just a little bit more.
An example is apartment rental. If the wages went up 2.5%, the rent went up 3%. And everything seems to pile on. Cost of food, housing entities like electric, gas, trash collection, and phone went up consistent with the rent. And as everything went up, the raise actually made you insolvent with more money. So is it s raise or a trap. And the libs say you’re making more money than you ever did. And you’re being forced to spend it to break even.
rwood
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