2min chapter

Freakonomics, M.D. cover image

77. They Make Minimum Wage. They Could Save Your Life.

Freakonomics, M.D.

CHAPTER

The Effect of Minimum Wage on Nursing Homes

If every county increased its minimum wage by this 10% number, that there could be 15,000 fewer deaths in nursing homes each year across the country. Long-term care is a giant sector in the US; it currently accounts for 10% of all Medicaid and Medicare expenditures. A report predicted that the number of Americans needing long-term care will almost double by 2030.

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