Mar 20, 2024

Elon Musk Predicts A ‘Universal High Income’ As Jobs Are Phased Out And Employment Becomes Obsolete — It’ll Be ‘Somewhat Of An Equalizer’

Posted by in categories: Elon Musk, employment, robotics/AI

Elon Musk made some striking predictions about the impact of artificial intelligence (AI) on jobs and income at the inaugural AI Safety Summit in the U.K. in November.

The serial entrepreneur and CEO painted a utopian vision where AI renders traditional employment obsolete but provides an “age of abundance” through a system of “universal high income.”

“It’s hard to say exactly what that moment is, but there will come a point where no job is needed,” Musk told U.K. Prime Minister Rishi Sunak. “You can have a job if you want to have a job or sort of personal satisfaction, but the AI will be able to do everything.”

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