It's interesting; the effects of the availability heuristic are insidious. Of course, I thought about local effects in the States. But seeing this a day later, it dawned on me that such a drug could prove a bigger boon for Africa than a cure for AIDS, and perhaps likewise in much of the second and third world.
I'm not saying any particular scope is "correct," but it's interesting that the discussion here deals almost entirely with the welfare effects on the immediate job market, and ignores the very likely substantial effects on distant peoples.
There was some talk here about height taxes, but there's a better solution - redefine shortness as a treatable condition and use HGH to cure it. They even got FDA on board with that, at least for 1.2% shortest people.
Unsatisfactory sexual performance became a treatable condition with Viagra. Depression and hyperactivity became treatable conditions with SSRIs. Being ugly is already almost considered a treatable condition, at least one can get that impression from cosmetic surgery ads. Being overweight is universally considered an illness, even though we don't have too many effective treatment options (surgery is unpopular, and effective drugs like fen-phen and ECA are not officially prescribed any more). If we ever figure out how to increase IQ, you can be certain low IQ will be considered a treatable condition too. Almost everything undesirable gets redefined as an illness as soon as an effective way to fix it is developed.
I welcome these changes. Yes, redefining large parts of normal human variability as illness is a lie, but if that's what society needs to work around its taboos against human enhancement, so be it.