In a monopsony labor market, what effect does the employer's control over wages typically have on employment levels?

In a monopsony labor market, there is only one main employer for workers in a certain area or industry. This employer has significant control over wages because workers have fewer job options and may feel they have to accept lower pay. As a result, the employer can set wages below what would be considered fair in a competitive market, which can lead to fewer people being willing to work for that pay. For example, if a factory is the only employer in a small town and pays low wages, some workers might choose not to take a job there, leading to lower overall employment levels. Therefore, the employer's control over wages can create a situation where both wages and employment levels are reduced, affecting the economy and workers' livelihoods.