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rosyatrandom comments on A potentially great improvement to minimum wage laws to handle both economic efficiency as well as poverty concerns - Less Wrong
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Comments (74)
So... what we have here is a kind of minimum and maximum entitlement: x/2 and x, with incentives to work more to get more back. Interesting
The article proposal is between 0 and x/2 (not that it changes much).
Yeah, thinking about it in terms of how much total you get, rather than how much additional you get, you can always pick some minimum and maximum and make a linear function to fit. (Though you want minimum<maximum, obviously...) Then you can subtract off x to get the entitlement part. Of course at the maximum the entitlement is always 0.