Elon Musk says everyone should get free money from government because robots will work
Elon Musk suggests governments should provide universal high income due to job losses caused by AI and robotics. He argues that increased automation could boost production and prevent inflation despite a higher money supply.
Elon Musk has suggested that governments should provide a universal high income to citizens as AI and robotics replace human jobs. Musk argues that this could be a practical solution to deal with large-scale job losses caused by automation. He believes that robots will significantly increase the supply of goods and services, keeping prices in check even if more money enters the system. Musk referenced past examples like COVID-era stimulus payments and a $1,776 payout to US military personnel during Donald Trump's tenure. He also highlighted the potential of AI-powered humanoid robots to transform industries like healthcare. Musk dismissed the idea of a single, all-powerful AI system dominating the future, suggesting that multiple AI systems will operate simultaneously due to physical limitations.
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