Complex sentence: Reservation Wage is a concept in Labour economics which suggests that each worker has a specific wage rate whereby they are induced to perform paid market work, wages offered below a worker's reservation wage would keep said worker from particpating in the labor force.
Split into simpler sentences: Reservation Wage is a concept in Labour economics which suggests that each worker has a specific wage rate whereby they are induced to perform paid market work. Wages offered below a worker's reservation wage would keep said worker from particpating in the labor force.