再者，虽然就业率较高，但是生活水平下降且生产力薄弱。
And although employment is high, living standards have suffered and productivity is weak.
不单是人民的生活水平下降了，而且人民的健康水平也下降了。
It was not only the living conditions of the people that were lowered, but their standard of health, too.
现在放宽货币、减缓生活水平下降，结果将是驱散了房地产泡沫，又吹起了商品泡沫。
Cushion the decline in living standards with easy money now and you just move from a housing bubble to a commodities bubble.
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