Elon Musk says Universal Basic Income is “going to be necessary.”

Elon Musk says Universal Basic Income is “going to be necessary.”


– There will be fewer and fewer jobs that a robot cannot do better. What to do about mass unemployment? This is going to be a massive social challenge. And… And I think, ultimately, we will have to have some kind of universal basic income. I don’t think we would be have a choice. – Universal basic income? – Universal basic income I think it’s going to be necessary. – So it means that unemployed people would be pay across the globe? – Yeah. – Because there is no job, machine/robots it’s taking over…? – That’s simply the… the… I do want to be clear: these are not things that I think that I wish would happen; these are things, simply things that I think probably will happen. And so… If they… If my assessment is correct and they probably will happen, then we need to say what are we going to do about it. And I think some kind of a universal basics basic income is going to be necessary… now the output of goods and services will be extremely high. So, with automation they will come abundances. There will be… Almost everything will get very cheap. The… I think the biggest… I think will just end up doing a universal basic income is going to be necessary. The harder challenge (much harder challenge) is… how do people then have meaning? Like, a lot of people they derive the meaning from their employment. So, if you don’t have… If you’re not needed, if there’s not a need for your labor how do you…? What’s the meaning? Do you have meaning? Do you feel useless? These are much… That’s a much harder problem to deal with.

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