Yep. In theory, labor saving innovation (or handing jobs off overseas) should be a joyous occasional all. It could be a joyous occasion for all. But we have structured it so that, the moment it happens, 200% of the benefits go to capital and -100% go to labor -- and the consolation prize for labor is that maybe some of the 200% will trickle down into a different job later, or willingness to spend on overpriced haircuts, or something.

There's an argument to be made that this is a necessary component of an economy that can reinvent itself. Maybe. But even if we accept this convenient and self-serving and suspicious premise, there can then be no concession on the point that structuring it this way creates an obligation on the part of the person receiving 200% to "spread it around" and that attempts to dodge this obligation are morally repugnant, socially unacceptable, and ought to be met with harsh political backpressure.

For the last while, that hasn't been the thinking. Instead we have gone for "blame mexicans and let's see if we can't make it 300%!" The response of the kids gives me hope that people might be coming back to their senses on the matter.