The Great Replacement Theory
Economic Update with Richard D. Wolff
00:00
The Reason Machines Aren't the Answer to the Job Loss
The reason those jobs are gone is because they've been replaced by machines, to what economists call autimation. The more successful workers are in driving up their wages so that they can have the american dream, the greater the incentive of their employer to replace them with a machine. And over the last forty to 50 years, that's exactly what happened. Millions of jobs were automated out of existence. It had nothing to do with the goals or interests of people who aren't male and aren't white and aren't christian. Cause that's the system we live in, and that's how it works.
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