Greetings friend @ben-edom.

Excellent selection of theme.

There should be a balance between levels of wages and productivity. But there are many factors involved
Mainly the employer must focus on the comfort levels of his workers, for this he can implement several procedures that, although they do not represent salary payments, they do represent an expense for the organization.

I mean "stimuli" for production, health bonuses, dental or maternity insurance policies. These factors have a positive impact on the availability of workers and increase productivity. Many times it is convenient for the administration of the company since this type of benefits does not impact the generation of labor liabilities.

It is also interesting to establish salary tables. With the salary tables you can take the factors seniority + level of education for the allocation of salaries. This results in favorable levels of equity that promote a better work environment and therefore should favor production levels.

Great article.

Your friend, Juan.