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Punk not dead <a href=" http://idealcases.co.uk/pro-lafil-super-active.pdf#indigenous ">pro-lafil</a> Nor do I entirely buy the idea that the apparent loss of labour productivity since the crisis began – output is still 3 per cent below pre-crisis levels but employment is well up – provides a cushion of spare capacity that needs to be used up before wage inflation becomes a problem. Again, the most likely explanation for this apparent loss of productivity is that the froth of the credit bubble has been blown away – some of this output will never return, and was a bit of an illusion in the first place – and disruptions to North Sea oil production. North Sea output was lower, but the numbers it employed were the same.
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