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A comment on Wage Stagnation. Parent comment
The toolmaker gets a cut. This usually happens in the process of buying the tool.
The buyer of the tool gets a cut. This happens, perhaps excessively.
And the worker should get a cut. The worker who knows how to use the new tool is worth more than the worker who only knows how to use the old tool.
It seems, however, that the workers getting a cut is where the process often breaks down.
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The toolmaker gets a cut. This usually happens in the process of buying the tool.
The buyer of the tool gets a cut. This happens, perhaps excessively.
And the worker should get a cut. The worker who knows how to use the new tool is worth more than the worker who only knows how to use the old tool.
It seems, however, that the workers getting a cut is where the process often breaks down.