Since 1880 - long before the current crop of characters pretending to lead the company, then as now, we made bundles of money by hooking people up and allowing them to communication with each other.
Plumbing is not a sexy business, but somebody still has to do it. Sure I imagine that there is nothing quite like having the 10,000 square foot palace with 8 full-baths! But you still need a plumber.
Somehow somewhere in the warped thinking of lowmac and his pets it became unwholesome and unsexy to be the plumber. But plumbing is still where all of the money comes from, whether or wireless or wireline. And that is just a fact!