Technological advancement and structural unemployment

Technological advancement and structural unemployment

Technological advancement and structural unemployment

Macroeconomics
Corporate America has been accused of spending the last 30 years seeking out ways
to reduce, or increase the efficiencies of its, labor force resource requirements”.
Is this statement an accurate reflection of Corporate America’s ‘modus operandi’?
If so, is this behavior a natural consequence of technological advancement and
structural unemployment? If not, is Corporate America operating under the principle
of “Profit Maximization”?