Elon Musk's Quotes on Universal Basic Income, AI, Automation, and Unemployment

The article discusses Elon Musk’s views on the potential impact of artificial intelligence (AI) and automation on employment, and his support for a universal basic income (UBI) as a solution. Musk has warned that AI and automation could lead to significant job losses, stating “There will be fewer and fewer jobs that a robot cannot do better.” He believes that a UBI will become necessary to provide a safety net for those displaced by technological advancements. Musk has suggested that a UBI could be funded by taxing the companies that benefit the most from AI and automation. He has also expressed concerns about the potential risks of advanced AI systems, calling for proactive regulation to ensure their safe development and deployment. The article highlights Musk’s advocacy for a UBI as a way to address the economic disruptions caused by AI and automation, and his calls for responsible governance of these transformative technologies.

Source: https://www.businessinsider.com/elon-musk-universal-basic-income-ubi-ai-automation-unemployment-quotes-2024-6