Abraham Lincoln once said

Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.

We have made great strides in the scope of freedom, in science and the arts since the day of the Great Emanicipator, but in the power of applied logic no progress has been since that terrible night at Ford's Theater.
I mean, the above quote is nothing but pure fact from start to finish, only labor creates wealth.
Now, last week, the communications workers at Verizon called a strike to get some leverage with management going into contract negotiations.
I was fine with it even though I'm a Verizon user and could well end up losing service or enduring other such setbacks.
Verizon makes the argument that market conditions have changed and parts of their workforce is obsolete with land line based skillsets.
Isn't it funny though, the workers almost risk "obsolescence", but when has management or capital ever been obsolete?
If you don't believe me, take an appraising look at America's current managerial class as ossified, useless, prideful and innovation-phobic as they were when "Babbitt" was published in 1925.
This is kind of economy gets created when all you can produce is MBAs, Lawyers and the thralls that work for them.
So I'm gonna go on record here, America doesn't have a labor problem, (though labor has problems to be sure), it has a capital problem, too much money chasing too few ideas and most of them, utterly stupid to be sure.