The long-term low wages in countries with abundant labor will give rise to insufficient demand which will lead to an economic vicious cycle (low wage trap).

劳动力丰裕国家的长期低工资将导致有效需求不足引起的经济恶性循环（低工资陷阱）。

youdao

The long-term low wages in countries with abundant labor will give rise to insufficient demand which will lead to an economic vicious cycle (low wage trap).

劳动力丰裕国家的长期低工资将导致有效需求不足引起的经济恶性循环（低工资陷阱）。

youdao