“The Korean government is the first to declare that if you replace people with machines you have to pay a tax. It's a tax on robots. They make private companies internalise the social cost of unemployment. Social benefit is not the same as private benefit. We have to realise this.”

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About Abhijit Banerjee

Abhijit Banerjee is quoted here; further biographical details are not publicly available.

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"The Korean government is the first to declare that if you replace peo…" — Abhijit Banerjee | Daily Quotes