First, as a result of demographic and social changes, the marginal wage cost of production and minimum-wage levels have increased significantly. Second, with environmental concerns becoming more widespread, enterprises – especially those with newly installed production facilities – have been spending lavishly.
许多重要的结构性变化导致中国的菲利普斯曲线左移。首先，人口和社会变化导致生产边际工资成本和最低工资水平显著增加。其次，随着对环境问题的担忧越来越普遍，企业，特别是新建成的生产企业与以往相比成本急剧上升。