- A new study estimated that raising the US federal minimum wage by $1 in each state would’ve save 27,000 lives from 1990-2015; a $2 increase would’ve saved 57,000 lives.
- The conclusion was made after researchers discovered a 3.5%-6% decrease in suicides for every $1 increase in the minimum wage.
- Currently, the national federal minimum wage is $7.25 per hour.
- Unsurprisingly, minimum wage increases had the biggest suicide-preventing impact during recessions.
- For every 20-30 suicide attempts, there is a suicide death.
