How do you quantify a public good? Library supporters have struggled with this problem for a long time, as public libraries are often the first institutions up on a budget-slasher’s chopping block. But a recent study from the London School of Economics bolsters the value of libraries in a major way. By translating well-being gained from visits to the library into dollars, the study’s authors conclude that a year of library visits is equivalent to a little more than a $2,200 raise.
READ MORE: Feeling Unsatisfied? Get Thee To A Library And Feel Like You Got A Raise | Co.Exist | ideas + impact.