Cartier's $7.5bn owner says fear of poor rising up 'keeps him awake at night'
Cartier's $7.5bn owner says fear of poor rising up 'keeps him awake at night'
Says he is concerned about robots creating 'structural unemployment'
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According to Bloomberg, Johann Rupert told the conference to bear in mind that when the poor rise up, the middle classes won’t want to buy luxury goods for fear of exposing their wealth.
“How is society going to cope with structural unemployment and the envy, hatred and the social warfare?” he said. “We are destroying the middle classes at this stage and it will affect us. It’s unfair. So that’s what keeps me awake at night.”
... its almost comical how he thinks of this. The first thought is his businesses wont be able to sell luxury to anyone but the ultra wealthy.
the middle classes won’t want to buy luxury goods
this is the part that keeps the asswipe awake at night. poor guy.