Efficiency wages generally increase worker morale.

Name: Efficiency wages generally increase worker morale.
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Efficiency wages refer to paying workers above the equilibrium wage in order to increase their productivity and reduce turnover. By receiving a higher wage, workers feel valued and respected, which can increase their job satisfaction and motivation, ultimately leading to a boost in morale.

Efficiency Wages Generally Increase Worker Morale