What theory would suggest that an employee should receive a wage higher than the equilibrium wage rate?

Name: What theory would suggest that an employee should receive a wage higher than the equilibrium wage rate?
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The efficiency wage theory suggests that paying employees higher than the equilibrium wage rate can lead to increased productivity and reduced turnover. The higher wage provides an incentive for employees to work harder and remain with the company, ultimately benefiting the employer.

What Theory Would Suggest That an Employee Should Receive a Wage