A Major Criticism of Competence-Based Pay Systems Is That After

question 79

True/False

A major criticism of competence-based pay systems is that after achieving the top wage, employees may be reluctant to continue their educational training.

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Definitions:

Taste-For-Discrimination

A concept in economics referring to preferences or biases that lead to discriminatory behavior or practices in the labor market or product choice.

African-American Workers

Individuals of African descent who are part of the labor force in various sectors of the economy.

Wage Rate

The standard amount of pay given to workers per unit of time, often per hour or year.

Transfers

Transactions where wealth or income is redistributed from one party to another without any exchange of goods or services, such as grants or social security payments.