Publication:
The potential effects of minimum wage changes on naval accessions

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Authors
Blake, Robert L.
Ekundayo, Adesina
Subjects
minimum wage
Federal Labor Standards Act
Advisors
Hartmann, Latika
Bacolod, Marigee
Date of Issue
2017-03
Date
Mar-17
Publisher
Monterey, California: Naval Postgraduate School
Language
Abstract
In 2014 and 2015, U.S. policymakers debated the potential economic impacts of raising the federal minimum wage to $15 an hour. Proponents for an increase in the minimum wage argue that it will help the economy since more people will have the ability to purchase more goods. Opponents believe that an increase in the minimum wage will reduce the number of jobs and increase the price of goods. This MBA report demonstrates that raising the minimum wage could have a positive effect on the military's ability to recruit personnel because an increased minimum wage will increase the number of prospective recruits. This report examines how the minimum wage originated from the Federal Labor Standards Act of 1938 and morphed into what it is today. Then it examines how a price floor affects the market's demand for labor and utilizes the two-sector and search models to demonstrate how the minimum wage market correlates to military ascensions. Finally, the report examines studies that show the different effects raising the minimum wage can have on the labor pool and how this can impact military personnel acquisitions.
Type
Thesis
Description
MBA Professional Report
Department
Business & Public Policy (GSBPP)
Identifiers
NPS Report Number
Sponsors
Funder
Format
Citation
Distribution Statement
Approved for public release; distribution is unlimited.
Rights
This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
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