The theory of "efficiency wages" says that firms which cannot monitor workers' efforts well should instead pay high wages to make it costlier for them to risk being sacked.
有效工资原理说的是对于无法监控员工是否工作努力的公司应该给予员工比较高的工资从而使其有较高的离职成本。
Efficiency wages: Sometimes the wage workers are paid by their employer is not determined by just supply or demand.
效率工资：有时候雇主付给工人的薪资不仅仅是由供给或需求决定的。
Differences in wage forms and whether labor supply has elasticity or not, have no influence on the actions of Efficiency Wages Mechanism.
劳动供给是否具有弹性以及工资的不同形式对效率工资机制发生作用没有影响。
Differences in wage forms and whether labor supply has elasticity or not, have no influence on the actions of Efficiency Wages Mechanism.
劳动供给是否具有弹性以及工资的不同形式对效率工资机制发生作用没有影响。
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