I imagine there's an equilibrium, where they can be paid $25 per hour for eight hours and do ten hours of work, or follow strict time keeping and get paid $20 p

I imagine there's an equilibrium, where they can be paid $25 per hour for eight hours and do ten hours of work, or follow strict time keeping and get paid $20 per hour for ten hours. Both parties to the agreement seem to have an understanding that there's a certain amount of work to do and a certain amount of compensation provided.