Meaning of the word "if you pay peanuts, you get monkeys" in English

What does "if you pay peanuts, you get monkeys" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

if you pay peanuts, you get monkeys

US /ɪf ju peɪ ˈpiː.nʌts, ju ɡet ˈmʌŋ.kiz/
UK /ɪf ju peɪ ˈpiː.nʌts, ju ɡet ˈmʌŋ.kiz/
"if you pay peanuts, you get monkeys" picture

Idiom

if an employer pays very low wages, they cannot expect to find good, skilled, or experienced employees

Example:
The company is struggling with high turnover because if you pay peanuts, you get monkeys.
They expected expert advice for a tiny fee, but if you pay peanuts, you get monkeys.