Date of Graduation

5-2018

Document Type

Thesis

Degree Name

Bachelor of Science

Degree Level

Undergraduate

Department

Computer Science and Computer Engineering

Advisor

Li, Wing Ning

Reader

Li, Wing Ning

Second Reader

Patitz, Matthew

Third Reader

Thompson, Dale

Abstract

This paper seeks to identify and describe the economic impacts of adjusting the minimum wage on employment. The approach taken is constructing an agent-based simulation using the well-known software suite NetLogo. The simulation models business and consumer behavior through a set of governing economic principles, yet also provides randomization to more accurately account for occasional outliers and human irrationality. The results of the simulation indicate relatively small changes in employment among minimum wages between $7.25 and $10.00, with a gradual decrease thereafter.

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