What would increased minimum wage due to small business (<$50m/yr in revenue)? Wouldn't it force them to cut shifts/hours/consolidate positions?
Or raise prices, or accept less pay at the top.
For suicide prevention, try raising the minimum wage, research suggests
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Re: For suicide prevention, try raising the minimum wage, research suggests
#52I see income inequality as a key issue here. I recently read the "Triumph of injustice" and came away with a changed view in our tax system. After reading the book, I now believe that any household with a net worth over $100 million should be subject to both an income and capital gains tax of 99%. In short folks with income come and or net worth at levels that surpass their ability to buy a life of finical security f…
That would not create the semi-communist world you're hoping for: today's rich people are already rich, and the effect would be stopping anybody new from becoming rich.
Re: For suicide prevention, try raising the minimum wage, research suggests
#53As the old saying goes: Money can't buy happiness, but it can buy a jet ski. And you never see an unhappy person riding a jet ski.
I have my own little saying that I always say in response to that saying: Lack of money can definitely cause unhappiness though You don't need to look further than Maslow's hierarchy of needs to see why, when you don't have enough money to reliably fulfill some of the most fundamental needs like shelter and food, it's going to severely hinder your self actualization. Forget about moving on to the more psychological h…
Yes - money is directly related to happiness until you're making 'enough', for some locally defined value of enough. https://www.usatoday.com/story/money/nation-now/2018/02/26/d...
Re: For suicide prevention, try raising the minimum wage, research suggests
#54I wonder what would happen to the suicide rate with medicare for all, and creating a max-wage that is (avg of contractors + employees * 150), or something similar, w/ additional 'bonus' multipliers for increasing # of U.S. hired. UBI would also probably help. As a freelancer I've had some really slim months and depression hits hard when money is tight. There's a very direct correlation between income security, insecu…
my guess is an effective system of healthcare and/or UBI would decrease the suicide rate somewhat, because people wouldn't feel so helpless. I'm not sure that max wage algorithm creates a healthy incentive though. it would seem to encourage hiring more employees than necessary just to increase the executive's compensation. I think people can often tell when their job isn't really necessary and it probably doesn't fee…
Suicidal ideation is a mental health illness. Financial desperation is stressful, but that stress is not an indication of mental health distress. I don’t see these two things as having any correlation and I am not aware of any related evidence adjoining those two.
If finances are a factor in suicidal ideation then it’s a secondary consideration in addition to more prominent concerns.
Re: For suicide prevention, try raising the minimum wage, research suggests
#55Doesn't seem plausible, _especially_ when unemployment is high.
Retail is the land of the minimum wage jobs, and margins are fairly thin there as it is. Raising the minimum wage simply means some employees become former employees. If the unemployment is at historic lows as it is today, there's a good chance those former employees will be able to find another job, so I see how the conclusion of the paper could be plausible, although loss of a job is still a very stressful event regardless.
When the unemployment rate is high (as it was in the studied date range), however, the effective wage becomes whatever unemployment pays, which isn't very much, and then it goes away entirely at some point. I don't see how this would reduce suicide.
Seems to me like another study crafted to produce the outcome the author wanted. The hypothesis isn't really testable anyway.
Re: For suicide prevention, try raising the minimum wage, research suggests
#56I’m all for fair pay, even if it means things (products or services) become more expensive. But therein is the problem: If the minimum wage is ten dollars an hour and you’re making twelve dollars an hour, that’s very different from minimum wage being twelve dollars and you’re making twelve dollars. Raising the minimum doesn’t just give minimum wage earners more money, it simultaneously devalues the money they receive…
It does not devalue it if they're sharing demand for those products with people who make $50 an hour and a select few who make $1000 an hour - assuming those incomes don't go up proportional to the increase in minimum wage.
Re: For suicide prevention, try raising the minimum wage, research suggests
#57Earlier quoted context omitted.
> we underestimate as a society how damaging it is because it's so hard to measure I'm not sure I agree with that. It has been known within public health for decades that poverty is an important predictor of life expectancy and quality of life. The real problem in the US appears to be a deep cultural belief in self-sufficiency, and an accompanying unwillingness to vote for politicians who support implementation of sa…
Well this is actually one of the biggest issues in Eastern Europe. The belief the state should take care of its citizens ( the safety net you are talking about ). The truth is only populist crooks get elected and only come up with shortsighted inefficient solutions (and half of the budget gets stolen).
Mmm, seems like a stretch to blame problems in Eastern Europe on the belief in a safety net - Western Europe/Scandinavia also believes in a safety net but doesn't have the same problems.
Re: For suicide prevention, try raising the minimum wage, research suggests
#58Correlation isn't causation.
Its actively harmful to pretend it is because it diverts from real research and actual solutions and
Re: For suicide prevention, try raising the minimum wage, research suggests
#59I see income inequality as a key issue here. I recently read the "Triumph of injustice" and came away with a changed view in our tax system. After reading the book, I now believe that any household with a net worth over $100 million should be subject to both an income and capital gains tax of 99%. In short folks with income come and or net worth at levels that surpass their ability to buy a life of finical security f…
I suggest you look at current income figures and try to come up with a plan where juicing the rich works. There's a reason Germany's 42% tax bracket starts at... €55,961
If you want to pay for these things, you need to bring your idea of who's gonna get taxed way, way down to earth.
Re: For suicide prevention, try raising the minimum wage, research suggests
#60Does anyone have access to the paper? Raising the minimum wage means less jobs will be available, as employers cut costs and perform layoffs. My assumption is the paper neglects to factors this into their analysis, but if they do, I'd love to read it. edit: paper shared below!
please read any study on cities that have substantially raised min wage in recent years (like Seattle) and understand how wrong you are about there being "fewer jobs" as a result before making such ridiculous statements
Can you point me to a study other than the one in Seattle?
I have only read about Seattle but have not really researched it thoroughly.