https://www.bls.gov/opub/reports/minimum-wage/2018/home.htm https://www.bls.gov/opub/reports/minimum-wage/2018/home.htm In the US, 434,000 make the federal min

https://www.bls.gov/opub/reports/minimum-wage/2018/home.htm https://www.bls.gov/opub/reports/minimum-wage/2018/home.htm In the US, 434,000 make the federal minimum wage of $7.25 per hour. Another 1.3 million make wages below the federal minimum. The article mentions raising the minimum wage by 10%, or 73 cents an hour, which would save 1230 lives per year (plus a 10% increase in federal EITC as well). Assuming a 2000 hr work year, this increase in minimum wage would cost $633.64 million nationally for those making exactly minimum wage, and some larger value at least 3x that, if we also bring those 1.3 million making below minimum wage up to minimum wage + 10%. (It's unclear who is making below minimum wage, it might be family farmworkers? $2.13/hr service employees who aren't getting tips? Students exempt from the minimum wage? All of the above?) In any case the cost per life saved using this method at a minimum comes to $1,745,921, but probably around twice that. That might be a good value. Or it might be that there are other methods of saving those lives that would be more effective at lower cost, allowing even more lives to be saved.