It is possible that this result is really capturing the effect of being a less productive (and thus expendable) worker, or of being trapped in a declining industry.

一种可能的解释是，上述结果实际上反映了产能不高（因此也就更容易被裁掉）或者被困于夕阳产业给员工带来的影响。

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With the evolution of the industrial structure, the appearance of the declining industry is unavoidable.

随着产业结构的演化，衰退产业的出现不可避免。

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As in any declining industry, there are powerful incentives to seek shelter in economies of scale.

ECONOMIST: Industrial dairy farming

It will face periods of declining industry growth, when its stock will drop dramatically.

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The boss of a firm in a stable or declining industry should probably not be paid in the same way as one in a fast-growing high-tech market.

ECONOMIST: Bosses' pay