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North Carolina approves steep benefit cuts for the jobless.
By reducing funds and turning many of these programs back to the states, their plan would subject low-income Americans to humiliating tests, steep benefit cuts, and other cutbacks.
The reason can be understood more easily if we consider a step function with threshold k as an approximation of a very steep benefit function: in this case, it is convenient to be +/+ only when one is pivotal for the production of the public good, that is, only when there are exactly k-1 other +/+ cells.
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That is the steepest of "benefit cliffs" and it's the equivalent of taxing those with disabilities at rates far greater than 100percentt as a reward for their labor.
But analysis by the Institute for Fiscal Studies IFSshowsows that those who are most dependent on benefits - the poorest families - face a steep withdrawal of benefit when they move into work.
Either way, the airline's unions will have to make steep wage and benefit concessions.
It says that if you assume that inflation is the same for all households, then income inequality is lower in 2014-15 than in 2007-08 - largely because of those steep rises in benefit payments in 2008 and 2009 that I mentioned earlier.
I.B.M. denied that the cash-balance plan would entail steep cuts in benefits for employees, saying the company would still pay the same amount in total pay and benefits as under the old plan, but with some compensation moving from pension to salary and stock options.
Mr. Schröder managed to push through Parliament an overhaul of the country's unemployment protections, with steep cuts in benefits.
Critics of the new plan, including I.B.M. employees, labor unions and a number of United States lawmakers, say it will mean steep cuts in benefits for many employees, particularly older workers.
The steep leverage had the benefit, if you can call it that, of inflating the company's return on equity, which came to 79% last year.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com