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Corrected formula
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wvpm committed Dec 29, 2023
1 parent 07d4ff5 commit 54bc6bd
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion docs/simulation/calculations.yaml
Original file line number Diff line number Diff line change
Expand Up @@ -56,7 +56,7 @@ POPs:
if is_slave: 0
else:
if minimum wage > normal wage:
formula: max(minimum wage, RGO income * employed workers in POP / total non-slave employed workers) * (1 - effective tax)
formula: min(minimum wage, RGO income * employed workers in POP / total non-slave employed workers) * (1 - effective tax)
else:
formula: RGO income * max(0.5, 1 - 2 * owners / workers) * employed workers in POP / total non-slave employed workers * (1 - effective tax)
owners: total size of owner POPs in state
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