Raising Minimum Wage Could Improve Mental Health
A fascinating US study has suggested that the increase of the minimum wage salary could improve the mental health of those getting paid at that rate.
Whilst it is a study from the other side of the Atlantic, the findings are based on UK information dating back from the mid 1990’s, where researchers gathered information from individuals to see if there was any link between pay and their state of mind.
The long running study found that when the UK’s minimum wage legislation went into effect in 1999, the mental health of those who received a salary injection went up.
Those individuals who didn’t get receive an increase in salary from the minimum wage raise didn’t cite any increase or decrease in their mind-set.
So with this clear link, researchers have concluded that the increase of wages had a likely positive affect because it “reduced depression and alleviated financial strain among low-paid workers.”
And if the further improvements to the minimum wage materialise we can perhaps expect the mental health of the nation to continue to improve.
These rates are for the National Living Wage and the National Minimum Wage from 1 April 2016.
|25 and over||21 to 24||18 to 20||under 18||Apprentice|
|April 2016 |
Contact us if you are not getting the National Minimum Wage and think you should be.