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True or False: Efficiency wages are higher-than-average wages that are intended to reduce the chances that workers engage in non-productive behavior that might jeopardize their high-paying job. True False
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13 votes
True or False: Efficiency wages are higher-than-average wages that are intended to reduce the chances that workers engage in non-productive behavior that might jeopardize their high-paying job. True False

User Zamboney
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1 Answer

7 votes
7 votes

Answer: True

Step-by-step explanation:

The motivations of employees are both financial and non-financial with a high salary considered to be a financial motivation. Employers will pay employees a higher wage so as to motivate them to be more productive at work. This is called an efficiency wage because it increases the productivity of employees by motivating them more.

When workers are being paid such a high salary in relation to the average salary in the market, they would want to ensure that they keep getting paid this huge salary so they will try to avoid non-productive behavior that would lead to them losing their jobs.

User Amrods
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