Elon Musk has forecasted a future where artificial intelligence renders traditional employment obsolete, paving the way for a system of “universal high income.”

Speaking at the inaugural AI Safety Summit, Musk painted a utopian vision where AI ushers in an “age of abundance,” providing limitless opportunities and resources.

He envisages a scenario where AI systems can accomplish all tasks, freeing individuals from the necessity of traditional employment.

“It’s hard to say exactly what that moment is, but there will come a point where no job is needed,” Musk remarked to 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.”

AI driven future

While acknowledging the discomfort this prospect may evoke, Musk expressed optimism about what he termed a “protopian” future driven by AI.

He described a world where AI serves as an unparalleled educational resource and ensures an abundance of goods and services for all.

Musk’s concept of “universal high income” appears to build upon the idea of universal basic income (UBI) advocated by other tech leaders, such as Sam Altman.

While the specifics remain unclear, Musk suggests that this concept would elevate individuals’ economic status, potentially serving as an equalizer in society.

This vision resonates with recent discussions around UBI, particularly in light of successful experiments like the expanded child tax credit in 2021.

The positive outcomes of such initiatives demonstrate the potential of direct cash payments to alleviate poverty and inequality without discouraging workforce participation.