ROME, Dec 17 (IPS) - Robert W. Fogel, the 1993 Nobel Prize Laureate for Economics, through his work on "efficiency wages", pointed out that hungry and undernourished workers are not as productive as well fed and healthy workers. At the level of an individual firm, it would thus make sense for an employer to pay wages that are high enough to allow workers access to food and other necessities – even if such wages are higher than the going market rate.
Read the full story, “Pakistan: Food Security and Reducing the Price of Wheat”, on globalissues.org →
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