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Efficiency Wages
Efficiency wages are higher-than-market wages paid by employers to increase worker productivity, morale, and retention, reducing turnover and shirking.
Less Pleasant
A term that could describe a job or task seen as undesirable or lower in terms of comfort and enjoyment.
Marginal Productivity Theory
An economic theory stating that the amount of pay or wages a worker receives is directly related to their contribution to the output or productivity.
Income Disparities
The uneven distribution of income within a population, often leading to social and economic inequality.
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