A third study in less than a year has found that raising the minimum wage would prevent suicides. The latest study, in the Journal of Epidemiology & Community Health, adds the finding that a higher minimum wage would be an especially strong suicide prevention measure during times of high unemployment.
The researchers used states with minimum wages above the federal level to analyze the years from 1990 to 2015, writing that “We estimated a 6% reduction in suicide for every dollar increase in the minimum wage among adults aged 18–64 years with ≤high school education.” Accounting for other factors lowers it to a 3.5% reduction in some cases. There’s no effect for people with a college education—a finding that both supports the result for people with a high school diploma or less and one “suggesting that minimum wage increases may reduce disparities in mental health and mortality between socioeconomic groups.”
We’re talking about 27,000 lives that could have been saved by raising the minimum wage by $1.
Currently, 29 states and the District of Columbia have minimum wages above the federal level of $7.25 an hour. The House, controlled by Democrats, has passed a $15 minimum wage bill. Senate Majority Leader Mitch McConnell and his Republicans have blocked even a vote.
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