Firing a person for AI must carry a social cost: Nobel Laureate

Backing China's move to curb replacing humans with AI, Abhijit Banerjee, Nobel Laureate, said sacking someone to raise profit by 5% can ruin a life. He said losing a job forces people to pull children from school, sell the car and uproot families. The market has 'no justice', he argued, so society must weigh that cost before automating.