Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1996-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Displacement of People

I don't think there is more displacement going on now as a percentage of the labor force annually than there was 10 years ago in terms of reconstituting what people do. There could be a backlash on that in terms of corporate tax rates or a number of things, and we might feel it in that direction. We want at Berkshire to do everything as efficiently as we can. Part of that in a big way is not taking on a lot of people we don't need.

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