Efficiency wage
id:
efficiency-wage-239-8682004
title:
Efficiency wage
text:
The term efficiency wages was introduced by Alfred Marshall to denote the wage per efficiency unit of labor. Marshallian efficiency wages are those calculated with efficiency or ability exerted being the unit of measure rather than time. That is, the more efficient worker will be paid more than a less efficient worker for the same amount of hours worked. The modern use of the term is quite different and refers to the idea that higher wages may increase the efficiency of the workers by various c
brand slug:
wiki
category slug:
encyclopedia
description:
Wage per efficiency unit of labor
original url:
https://en.wikipedia.org/wiki/Efficiency_wage
date created:
date modified:
2024-01-02T22:03:00Z
main entity:
{"identifier":"Q1193835","url":"https://www.wikidata.org/entity/Q1193835"}
image:
fields total:
13
integrity:
14