Asked by ahad ali Siddiqui on Jun 19, 2024
Verified
Wage differences across jobs reflecting the fact that some jobs are less pleasant or safe than others are called efficiency wages.
Efficiency Wages
Efficiency wages are higher-than-market wages paid by employers to increase worker productivity, morale, and retention, reducing turnover and shirking.
Less Pleasant
A term that could describe a job or task seen as undesirable or lower in terms of comfort and enjoyment.
- Identify the distinctions between compensating differentials and efficiency wages as they relate to differences in wages.
Verified Answer
AF
Acheampong FelixJun 21, 2024
Final Answer :
False
Explanation :
Wage differences across jobs reflecting the fact that some jobs are less pleasant or safe than others are called compensating differentials, not efficiency wages. Efficiency wages are higher wages paid to increase worker productivity.
Learning Objectives
- Identify the distinctions between compensating differentials and efficiency wages as they relate to differences in wages.