Buffett on the American economy, capitalism: 'It works'

May 05, 2019

Legendary investor Warren Buffett has no doubt about the direction of U.S. prosperity -- up and to the right -- even as confounding factors like automation are thrown into the mix. On Saturday at the 2019 Berkshire Hathaway Shareholders Meeting, a shareholder asked Buffett how he as chairman of Berkshire Hathaway - a major employer and producer of consumer goods - viewed the outlook for the labor market amid the rise of automation and temporary employment.