Forbes magazine (October 16, 2016) reports that Walmart pays its workers an efficiency wage. This means that Walmart:
A)rewards workers for being more productive than coworkers.
B)pays bonuses when overall productivity rises.
C)pays higher wages when workers generate new ideas that improve productivity.
D)pays above the going rate for workers in similar jobs at other companies.

Question

Quizplus · Accepted Answer

Walmart pays its workers above the going rate for workers in similar jobs at other companies, which is characteristic of an efficiency wage. This is intended to attract and retain higher-quality employees, resulting in improved productivity and ultimately lowering turnover costs.

Forbes Magazine (October 16, 2016) Reports That Walmart Pays Its