What's the Effect of Minimum Wage on Health? With Push to $ 15 an Hour, We May Find Out

Although what is known as the highest rate of increase in health benefits, Health Affairs.

And a possible source of data from the United States, stemming from Amazon's Announcement that it will raise its minimum wage to $ 15 an hour for its employees in the United States, including workers hired through temporary agencies, seasonal workers, part-time workers, grocery store chain.

The current federal minimum wage is $ 7.25 per hour, and Amazon has said it will lobby Washington, DC, to raise the rate nationwide to $ 15. Amazon's home state, Washington, has the highest minimum wage ($ 11.50), and California's minimum wage is scheduled to increase to $ 15.20. In 21 states, the minimum wage is $ 7.50. A growing number of cities and counties have local minimum wages.

Liberal politicians like Senator Bernie Sanders, I-Vermont, and unions have long been in the business of medicaid.

There are 3 questions: Why does the minimum wage matter? What does it look like in the past 50 years? What are the factors that can affect health? Lastly, what does recent research suggest about the effects of low wages?

First, there are two sides to a discussion of the minimum wage matters. Opponents of Raising the Claim That Widening the Wage They also cite research that says rising minimum wages.

Proponents of raising the minimum wage in the inflation-adjusted value of the federal minimum wage, as well as in inflation-adjusted wages for lower-skilled workers. From 1979 to 2013, wages have risen for those at the highest level, but have remained stagnant for those in the middle or fallen for those at the bottom.

Effect of Minimum Wage on Unemployment and Poverty

Traditional economic theory holds that increase in price leads to a reduction in demand. However, is the price for a product? Some economists think not; increased wages could have the effect of increasing the quality of work performed by improving moral and other factors. An increase in quality would be an offset to the increase in wages, and the effect on employment could be minimal.

As far as poverty is concerned, the authors wrote that the effect of rising wages depends on

• The nonworking poor who are not currently in the labor market
• The working poor, if their incomes are raised above the federal poverty level
• People who would be newly unemployed

The nonworking poor is not affected, unless the minimum wage increases to the labor market. The working poor would be able to increase the minimum wages, assuming any reductions in work hours are modest. However, a rising wage would reduce the incomes of people who become unemployed.

The overall effect on the poverty rate on the combined effects on unemployment, working hours, and wages of the working poor.

Effect of Low Wage on Health

At least 3 things could be written, the authors wrote.

Higher wages could make it easier for workers and their families to afford medical care, health insurance, and homes in safe neighborhoods.

Heath-harming more products: tobacco, alcohol, fatty foods, and illegal drugs. However, some of these findings are more likely to be correlated with lower prevalence and lower prevalence, which indicates that affordability is not the only factor behind consumers' choices to purchase and consume unhealthy products.

Second, higher wages could improve job satisfaction, and higher job satisfaction may improve worker health.

Third, higher wages could increase the "opportunity costs" of leisure, which could be beneficial or harmful effects. Workers may be encouraged to work. If work increases health and safety risks, compared with leisure, this third effect could harm health. But if work leads exercise or improves social contacts, or if leads to health-harming activities, this third effect could enhance health.

Most evidence suggests that increases in low-income and low-wage birth rates among low-skilled or low-skilled workers. Are more mixed for other populations, such as teenagers and noncontinuously employed adults.

Compared with many other social media, the authors wrote. A higher minimum wage rate, and the job satisfaction.

They note that this is an important social determinant of health and suggested avenues for future research.

Another possibility is to see varying levels of growth-for example, $ 12 versus $ 15-have different impacts.

In that regard, with more than 250,000 employees, it is entirely possible that Jeff Bezos, Amazon's chief executive officer and the world's richest man, has just created another gift for health policy nerds, who JPMorgan Chase and Berkshire Hathaway will have.

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