Why might some firms voluntarily pay workers a wage above the market equilibrium, even in the presence of surplus labor? check all that apply. higher wages attract a more competent pool of workers. paying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity. paying higher wages can reduce a firm's training costs. paying higher wages tends to reduce the average experience level of a firm's workers?

higher wages attract a more competent pool of workers YOUR ANSWER

aying higher wages enhances workers to adopt healthier lifestyles, enhancing their productivity YOUR ANSWER

The rest do not apply.

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BenitoMarin BenitoMarin · Answer 2 · 2019-11-28T23:46:35+01:00

Answer:

The correct answers are:

1) All of them apply.

2) False.

Explanation:

1) Even in labor surplus, paying higher wages to workers allows them to access a better lifestyle. Paying for better education, health insurance and adopting more educated decisions on daily activities are characteristics of employees whose salary is above the market. By this, companies make sure to have highly qualified personnel in their organization and the costs of training gradually will be reduced.

2) If paid higher wages, the average experience level of employees increases. Most young workers take advantage of this to complement their higher education with programs that allows them to dive into their field of study, which at the same time, will allow them to apply for higher-paid positions.