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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"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." — Abhijit Banerjee #politicsgovernment
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The Korean government is the first to declare that if you replace people with machines you hav…
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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. — Abhijit Banerjee
About Abhijit Banerjee
Abhijit Banerjee was a Economist from United States (1961–present).
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Who said "The Korean government is the first to declare that if you replace people with m…"?
This quote is attributed to Abhijit Banerjee, a Economist from United States.
When did Abhijit Banerjee live?
Abhijit Banerjee lived from 1961 – present.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.