Take a look at Figure 29-7. Suppose that Wm = $12 per hour, Wmin = $15 per hour, Qm = 1,000 worker-hours of labor input, and Qmin = 1,400 worker-hours of labor input. By how much does requiring this monopsonist to pay the minimum wage instead of its profit-maximizing wage rate increase or reduce its total wage payments to all of its employees?