There will be more job turnover and shirking if workers are paid the efficiency wage instead of the equilibrium wage.

Name: There will be more job turnover and shirking if workers are paid the efficiency wage instead of the equilibrium wage.
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Question

Quizplus · Accepted Answer

Workers are more likely to stay in their jobs and work harder if they are paid the efficiency wage which is above the equilibrium wage. This is because they feel valued and are less likely to look for better-paying jobs or shirk on their responsibilities.

There Will Be More Job Turnover and Shirking If Workers