Asked by
Simone British
on Nov 26, 2024Verified
Piece-rates may not be appropriate pay in some situations because they might reduce product quality.
Piece-rates
A payment method where workers are paid a fixed rate for each unit of production completed, incentivizing higher productivity.
Product Quality
The characteristics of a product or service that bear on its ability to satisfy stated or implied needs; a measure of excellence.
- Understand the idea and consequences of efficiency wages within the labor market.
Verified Answer
DW
Learning Objectives
- Understand the idea and consequences of efficiency wages within the labor market.