Thursday, January 9, 2020

Raising The Minimum Wage by $1 May Prevent Thousands of Suicides, Study Shows



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Raising The Minimum Wage By $1 May Prevent Thousands Of Suicides, Study Shows


Raising the minimum wage by $1 or more appears to have a protective effect against suicide, especially in times when unemployment is high and it's hard to find a job.
Matt Rourke/AP
A new study suggests that raising the minimum wage might lower the suicide rate — especially when unemployment is high — and that doing so might have saved tens of thousands of people from dying by suicide in the last quarter century.
The minimum federal minimum wage is $7.25, though many states have set it higher. Between 1990 and 2015, raising the minimum wage by $1 in each state might have saved more than 27,000 lives, according to a report published this week in the Journal of Epidemiology & Community Health. An increase of $2 in each state's minimum wage could have prevented more than 57,000 suicides.
"This is a way that you can, it seems, improve the well-being of people working at lower-wage jobs and their dependents," says John Kaufman, the lead author on the study and an epidemiology doctoral student at Emory University.
If you or someone you know may be considering suicide, contact the National Suicide Prevention Lifeline at 1-800-273-8255 (En Español: 1-888-628-9454; Deaf and Hard of Hearing: 1-800-799-4889) or the Crisis Text Line by texting HOME to 741741.
Crucially, researchers found that raising the minimum wage appears to reduce the suicide rate more when it's harder to find a job. In bad times, the same $1 increase could save more people than it might during good times.
"The higher unemployment is, the stronger that potential protective effect appears to be," says Kaufman.
The researchers found that 26,000 deaths could have been prevented following the 2009 peak in unemployment during the last recession had the minimum wage been $2 higher.
The report focused on less-educated adults because that group is more likely to earn the minimum wage. That group is also at a higher risk of depression and suicide, says Kaufman. Raising the minimum wage did not seem to affect whether college graduates would die by suicide.
A number of other researchers are exploring the connections between the economy and our well-being. The study is the third in less than a year to show that raising the minimum wage may lower suicide rates, says Dr. Alexander Tsai, an associate professor of psychiatry at Harvard's Massachusetts General Hospital, who was not involved with the current research.
A working paper published by the National Bureau of Economic Research in April 2019 estimated that raising the minimum wage and the earned income tax credit by 10% each could prevent 1,230 people from dying by suicide each year.

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