A study in the Journal of Epidemiology and Community Health found suicide rates dropped between 3.4% and 5.9% among people with a high-school education or less for every $1 increase in the minimum wage, and the effect is stronger when unemployment increases. Researchers analyzed minimum wage laws, unemployment and suicide rates for all 50 states from 1990 to 2015 and they say a $1 wage increase could have prevented 27,550 suicides, while a $2 increase could have prevented 57,350 suicides over the 25-year period.
Study links minimum wage increase to lower suicide rates
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