Elon Musk wants the government to pay you when his robots take your job
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Elon Musk has proposed a universal high-income program to be funded by the federal government to mitigate job losses caused by AI and robotics. Musk believes that AI and automation will make society more productive, allowing companies to share the gains with everyone.
Elon Musk has proposed a universal high-income program to be funded by the federal government. Musk believes that AI and robotics will cause significant job losses, but also make society more productive. The program is similar to universal basic income, but implies a higher level of income. Musk's plan is not a replacement for the existing welfare system, but rather an additional system. Other Silicon Valley figures, such as OpenAI CEO Sam Altman, have also floated the idea of universal high income or 'universal extreme wealth'. Musk's proposal comes as fears grow over AI-driven job losses, with companies citing AI as a reason for recent layoffs.
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