AI looks like a disaster for shared prosperity, says Nobel Prize winner

“The drive of all of the tech barons is to replace people, to bring robots, to have self-driving cars, self-driving trucks, and get rid of people. That’s going to push wages down,” the British-American economist— who won the 2024 Nobel Prize in Economic Sciences with Daron Acemoglu and Simon Johnson for their research on how institutions shape a nation’s prosperity—told CNBC-TV18.

While he drew a parallel with the…