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And what makes productivity go up?
"Our software increases efficiency so it helps companies cut costs," said Raymond Pryor, who owns a company that makes productivity software.
"When you don't have your co-workers constantly interrupting you, fewer friends bored at work and on IM, it's easier to get things done," said Montana Low, the chief scientist at RescueTime, which makes productivity software.
Mr. Greenspan's thesis makes productivity both a blessing and a curse: a blessing, because it raises the supply of goods and services, and a curse, because -- working through the stock market -- it increases the demand.
Getting to the typewriter every day is what makes productivity".
The cuts would be phased in as the firm makes productivity improvements and outsources more of its operations, the report said.
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On Friday, he said the department could avoid layoffs if it made "productivity enhancements".
The only winners are the multinationals making productivity gains on the backs of the desperate.
Spain's plethora of small companies may make productivity gains harder to achieve.
The tentative agreement calls the $3.75 million an advance that the three companies are to repay by making productivity improvements.
Technology continues to make skilled jobs "tradable," that is, exportable to lower-wage countries, and corporations are making productivity gains through automation, not new hiring.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com