The idea that paying higher wages attracts a more talented labor pool is called the

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The efficiency wage theory suggests that paying higher wages attracts a more talented labor pool, as workers will be more motivated to perform well and stay with the company. This theory argues that paying above-market wages can ultimately save money for companies by reducing labor turnover, increasing worker productivity, and improving the quality of the product or service provided.

The Idea That Paying Higher Wages Attracts a More Talented