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November 7, 2016 10:00 am

Elon Musk Predicts Automation Will Lead To A Universal Basic Income

An anonymous reader quotes Mashable's new article about Tesla/SpaceX founder Elon Musk:Tech innovators in the self-driving car and AI industries talk a lot about how many human jobs will be innovated out of existence, but they rarely explain what will happen to all those newly jobless humans. In an interview with CNBC on Friday, Musk said that he believes the solution to taking care of human workers who are displaced by robots and software is creating a (presumably government-backed) universal basic income for all. "There's a pretty good chance we end up with a universal basic income, or something like that, due to automation," said Musk. "I'm not sure what else one would do. That's what I think would happen." And what will this world look like? "People will have time to do other things, more complex things, more interesting things," Musk told CNBC's interviewer. "Certainly more leisure time." President Obama has also talked about "redesigning the social compact" with MIT Media Lab director Joi Ito, and in August predicted the question of whether there's support for the Universal Basic Income is "a debate that we'll be having over the next 10 or 20 years."

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