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A new study finds increasing the minimum wage reduces suicides

“The newest of the papers, authored by John Kaufman, Leslie Salas-Hernández, Kelli Komro, and Melvin Livingston in the Journal of Epidemiology and Community Health, examined monthly data across the US from 1990 to 2015 and estimated that a $1 increase in the minimum wage led to a 3.4 to 5.9 percent decline in suicides among adults with a high school education or less. The authors also estimated that over the 26-year period, a $1 increase in each state’s minimum wage could have prevented 27,550 suicide deaths, or about 1,059 per year.

The paper has created a bit of a stir. But it’s just one of four studies in the past couple of years to find an association between higher minimum wages and lower death rates (specifically suicides).

If these findings hold up in subsequent research, they provide a new, persuasive rationale for raising the minimum wage.”