Here's the thing. Not everyone in this country can be a CEO. The WALL-E premise of everyone living the fat life (pun intended) while the robots do the work is not viable. The truth is that this country is made up of people with a broad spectrum of capabilities and talents. Furthermore, these people are not fungible resources that can easily relocate to whatever third world country that has now usurped their former job functions. We have already seen large parts of this country's population essentially permanently displaced with the mass outsourcing of manufacturing. These were good paying, stable blue-collar jobs that people who were not born to be CEOs could rely on, live a good life, and raise families. Now look at the former manufacturing cities. They did not all magically retrain to be knowledge workers. Instead, entire communities were laid to waste. Now extend what happened to manufacturing to skilled labor under your "every job to the cheapest bidder" philosophy. What happens? Maybe plastic crap at Toys-R-Us is 3 cents cheaper. But eventually a large enough percentage of this country is displaced to where society itself becomes unstable. When this destabilization eats away at enough of foundations of our society, even the wealthy will be affected.
Government's job is (supposed to be) to take the longview on what is good for a healthy American society, not to facilitate multi-national corporations in their quest to cut every cost they can.