wage-productivity curve 工资生产率曲线
Wage rates depend on levels of productivity.
工资水平取决于生产量的多寡。
So, in the absence of big increases in productivity, wage cuts may be less avoidable.
因此,在生产率没有增长的情况下,减薪并不是那么的难以接受。
This is largely due to a steady rise in unit Labour costs, as wage increases outstripped productivity growth (see chart).
这很大程度上是因为国内单位劳动成本的稳步上升,工资的增长超过了生产力的增长(见图表)。
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