Study: Increasing Min. Wage by $1 Could Reduce US Suicide Rates

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From CNN: “An increase in the minimum wage could help prevent thousands of suicides every year among workers with a high school degree or less, especially during times when unemployment rates are higher.

A new 25-year observational study published this week in the Journal of Epidemiology and Community Health found that a $1 increase in the minimum wage resulted in an estimated 3.4% to 5.9% decrease in suicide rates among adults ages 18 to 64, and a $2 increase could have prevented an estimated 40,000 suicides alone between 2009 and 2015.

In 2017, there were an estimated 1.4 million attempted suicides among American adults and 47,173 suicide-related deaths. An estimated 1.7% of unemployed US adults attempted suicide in 2017 compared with 0.4% of those working full-time and 0.7% of those working part-time, the study said.”

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