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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.”
While admitting this prospect may not make “people comfortable,” Musk seemed optimistic about what he termed a “protopian” AI-driven future.
“I think everyone will have access to this magic genie, and you’re able to ask any question. It’ll be certainly bigger for education. It’ll be the best tutor,” he said. “And there will be no shortage of goods and services. It will be an age of abundance.”
Musk’s concept of “universal high income” appears to be an evolution of the universal basic income (UBI) idea supported by other tech leaders like Sam Altman.
“We won’t have universal basic income. We’ll have a universal high income,” Musk said, though he did not explicitly define the difference. “In some sense, it’ll be somewhat of a leveler, an equalizer.” It’s worth noting this isn’t the first time Musk addressed the topic. In 2018, he posted on X: “Universal income will be necessary over time if AI takes over most human jobs.”
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