Do Extremely Profitable Corporations Honestly Care About the Displacement of American Workers?

If workers can be replaced with AI, or a variety of other technologies, what’s the incentive for CEOs and their corporations’ investors to keep labor alive?  In this less than one-minute video, former Labor Secretary Robert Reich argues that unemployed, suddenly poor people can’t afford to buy the stuff that these corporations produce.  He says in summation, “We’re all in this together.”

I’m not sure.  What does the impoverishment of a few million American workers mean to multinational corporations, most of whose customers live in far-flung regions around the globe?  What they can’t sell here, they’re selling all over Europe and Asia.

My local drug store, a CVS, has laid off its check-out clerks in favor of automated checkout machines.  They have 9967 extremely profitable locations and a market cap of $92 billion.  If you think they care an iota about their formerly employed Americans who are now living off food stamps, you’re an idiot.

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