Freakonomics, M.D.

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

Mar 24, 2023
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INSIGHT

Wage-Quality Relationship

  • Paying higher wages can attract higher-quality workers and incentivize skill investment.
  • However, increased labor costs might lead to employing fewer workers, potentially worsening care.
INSIGHT

Nursing Homes as Research Setting

  • Nursing homes are suitable for this study due to their reliance on low-wage workers and measurable quality metrics.
  • Quality can be assessed through mortality rates, inspection violations, and the prevalence of issues like pressure ulcers.
INSIGHT

Minimum Wage Impact on Nursing Homes

  • Higher minimum wages increased earnings and staff retention in nursing homes.
  • Surprisingly, they also correlate with reduced health inspection violations, pressure ulcers, and mortality rates.
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