I don't see why page compression as such would produce more waits. After all, page compression is something that happens on the CPU, and wait stats reflects what happens outside the CPU. Well, with the exception for the preemptive waits, that is, when SQL Server runs code outside SQL Server, but that is not the case here.
However, increased CPU usage does exhibit in one way in the page stats, you get more SOS_SCHEDULER_WAITs. This wait type is registered every time a process yields voluntarily to let other processes execute. If there is idle CPU, the wait as such will be short, but the number of waits will go up by one.
But I am not sure that this is the best way to track CPU usage.