Efficiency Wages

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Ray Fisman explains why raises aren't necessarily a boon to business. In one experiment two groups of students performed data entry for libraries, for $20 per hour and $12 per hour:

The goodwill of high wages took less than three hours to evaporate completelyhardly a prescription for boosting long-term productivity. 

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2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

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