What will happen to worker wages when an industry shifts from a monopoly to a competitive market?

When an industry shifts from a monopoly to a competitive market, worker wages are likely to increase due to the heightened demand for labor. In a competitive market, firms typically have to offer more attractive compensation packages to attract and retain employees, as they compete not only with each other for customers but also for workers. Additionally, increased competition can lead to greater productivity and innovation, further supporting wage growth. However, the extent of wage increases can vary based on factors such as the specific industry and labor market conditions.