How might paying a higher wage solve, at least partially, the principal-agent problem between employers and workers?

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How might paying a higher wage solve, at least partially, the principal-agent problem between employers and workers? How might this save the employer money?

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Economics Barrons Business Review Series

ISBN: 9781438008776

6th Edition

Authors: Walter J. Wessels

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Question Posted: Feb 18, 2024 04:00 AM

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How might paying a higher wage solve, at least partially, the principal-agent problem between employers and workers?

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Wages that exceed market wages mean the worker will lose wealth if f...View the full answer

Economics Barrons Business Review Series

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