Some say the real danger is the opposite: deflation, or prices (and wages) going down across the board.
还有人认为，危险正好相反：通过紧缩，或者是物价（工资）水平全面下跌。
2
In 1922, the railroad labor board announced that wages for railroad shop workers would be cut by seven cents - a considerable sum at the time.
在1922年，铁路劳工董事会宣布，车间工人的工资将削减7美分——在当时是相当多的。
3
And by the middle of the decade, Americans' malaise was morphing into triumphalism as productivity accelerated, unemployment fell and wages rose across the board.