But getting wages and prices to fall is tough: nobody wants to be the first to take a pay cut, especially without some assurance that prices will come down, too.

但是，让工资和价格下降是非常困难的事情：谁也不愿第一个削减工资，特别是对价格同时下降并无把握的情况下。

youdao

The public sector has not yet had to cut jobs, and pay has been held down in the private sector.

公共部门还无需裁员以及私营部门削减了工资。

youdao

Wal-Mart, which has cut down on packaging while refusing to pay for employees’ health care, attracts particular criticism.

沃尔玛，减少包装却拒绝赔付员工的卫生保健费用，尤其受到批评。

youdao

And nobody knows, nobody believes that we can cut spending, right? -Somebody down the road has to pay the bills Somebody down the road has to pay the bills, either by cutting spending, cutting benefits or raising taxes.

而几乎没人相信,政府能够成功节流，不是吗？，-那总得,有人来埋单啊,迟早要有人来为此埋单的，要么精简政府开支，削减福利，要么增税。

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This means that the government needs to cut spending and it needs to pay down the debt.

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So what they do is they cut your mortgage down to what you would pay to rent anyway, why not stay in the home, right?

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The public sector has not yet had to cut jobs, and pay has been held down in the private sector.

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