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However, many of the defects in British industrial output once blamed on the unions – some of them correctly – are still there in the shape of low productivity linked to underinvestment, sloppy management and inferior products that are not marketed or sold abroad in sufficient numbers.
The problem has been with spawning and nurturing the innovation that produces high-productivity jobs – turning good ideas into world-beating products.
While the long-term trends in North Sea production are clear, it is possible that the decline in productivity in business services will recover as demand increases.
Given the huge waste and poor productivity in the public services, there is no a priori reason why these cuts cannot be covered by public spending savings, as Osborne argued.
The OECD draws a link between Britain's poor productivity record and the squeeze on living standards over recent years.
The eurozone has its problems of imbalance, productivity, growth, debt and unemployment, certainly.
68ff8d24-c6e8-45f4-8dbd-c453d458b9c9 If anyone's to blame for the modern-day cult of "personal productivity" – the ceaseless barrage of books and listicles promising tips for keeping your head above water in our hyper-busy era – then it's probably David Allen.
This is another key commandment from the high priest of productivity: often, things are left undone because you haven't figured out the specific actions required in order to do them.
There are a couple of factors that help to explain the disparity between the UK's pre- and post-crisis productivity performance.
That explains why Osborne has embarked on his productivity drive.
If it takes the same number of people to produce a meal as it did 20 years ago but it is twice as delicious, that's higher productivity.
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Justyna Jupowicz-Kozak
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