单伟建还明确的质疑：在工资和原材料价格双双上涨的情况下，利润率如何才能增长得如此之快？
But surely Mr Shan has a point: how can profit margins increase when wages and raw material prices have been rising so rapidly?
整体增长的减速和工资成本的上升共存的合力就会压低利润率。
A combination of slower overall growth and rising wage costs should squeeze profit margins.
理由之一可能在于人口结构的变化，婴儿潮人士正逐渐退出劳动力市场。若劳动力逐渐稀缺，实际工资便会上升，利润率便会为此付出代价。
One reason could be a demographic shift, with baby boomers dropping out of the workforce; if Labour becomes more scarce, real wages will rise, at the expense of profit margins.
若劳动力逐渐稀缺，实际工资便会上升，利润率便会为此付出代价。
If Labour becomes more scarce, real wages will rise, at the expense of profit margins.
迄今为止，消化工资上涨的手段主要是提高生产率和牺牲利润率。
So far, wage increases have been broadly absorbed by productivity gains and margin erosion.
迄今为止，消化工资上涨的手段主要是提高生产率和牺牲利润率。
So far, wage increases have been broadly absorbed by productivity gains and margin erosion.
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