And, technology and innovation, the work of our most talented people, underpin the U.S. standard of living: technology-based products and services create a big export surplus and enable the strong productivity growth of the U.S. economy.

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Their absence, some suggest, will lead to a shortage of skilled workers and mentors, a loss of productivity and even a surplus of office space.

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On the other hand, if rising productivity and prosperity and savings are the sources of surplus wealth, then happy days!

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These increased labour productivity faster than other areas of the economy could absorb that newly surplus labour.

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Labour productivity is rising faster than the ability of other areas of the economy to absorb that newly surplus labour.

FORBES: The Great Recession Is Just Like The Great Depression