Elon Musk Predicts Universal 'High Income' and Premium Living Standards When Robots Dominate by 2030
What happens when robots take everyone's jobs? It's the question that concerns workers, experts, and people everywhere.
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Elon Musk has proposed a revolutionary solution to widespread job displacement by AI and robots, which he predicts will occur by 2030. Rather than traditional universal basic income, Musk advocates for 'universal high income' that would provide everyone with top-quality medical care, food, housing, and comprehensive life necessities.
His vision assumes that robotic productivity will generate sufficient wealth to support exceptional living standards for all. Critics question the feasibility, pointing to current government debt and funding challenges with existing social programs.
Supporters argue that automation's wealth generation could potentially fund such a system, representing a bold reimagining of economic structures in response to technological disruption.