Ford Motor Company was one of the first major companies to adopt a wage structure that is comparable to efficiency wages. What was the outcome of Ford's experiment with efficiency wages?

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Ford's adoption of efficiency wages led to all of the above outcomes. The higher wages and benefits offered by Ford motivated workers to stay with the company, which led to lower labor force turnover. Additionally, the higher wages incentivized workers to increase their productivity and put forth more effort on the job, resulting in higher labor productivity. Finally, the improved working conditions and compensation package led to less absenteeism among workers.

Ford Motor Company Was One of the First Major Companies