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Yet, it is trade that facilitated that increase in worker productivity.
The official, Janet L. Yellen, president of the Federal Reserve Bank of San Francisco, said that a sharp increase in worker productivity was "here to stay".
It has been the surprising increase in worker productivity the last several years that has allowed the economy, which is now in its longest expansion on record, to grow briskly without a surge in inflation.
The results and coverage highlight the biggest problem with industrial relations – any suggestion of an increase in worker power through high wages or increased industrial action is immediately and widely condemned by business and conservative media.
The suggestion that the economy need slow only modestly to curb inflationary pressures is a result of the surprising increase in worker productivity over the last couple of years.
The right strategy is to continue the increase in worker productivity, expand immigration of productive workers and, most important, remove the disincentives for workers to stay on the job after age 65.
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The true rate of increase in workers' cost of living is calculated to be just as high.
That is the lowest increase since 1999, but was still more than double the inflation rate and more than the increase in workers' incomes.
For international aid agencies that move food, medicine or construction materials, this would mean a tremendous increase in workers, costs and time spent in transport.
Last week, Prime Minister Pedro Passos Coelho of Portugal announced an increase in workers' social security contributions to 18 percent of their monthly salary from 11 percent.
But it might be perceived as draining money from Social Security and Medicare, and when the payroll tax returned to normal, it would look like a tax increase in workers' paychecks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com