'People won't have jobs in the next 20 years,' claims Elon Musk - AI will do all the work humans do.

News Topical, Digital Desk : Tesla and SpaceX chief Elon Musk has said that in the coming years, it will no longer be necessary for humans to work. He says that the rapid advancement of AI and robotics will be so rapid that people can work if they want to, and even if they don't, their needs will be met. Musk made this comment on Zerodha co-founder Nikhil Kamat's "People by WTF" podcast.

' Work will be like a hobby '

Musk said that in the future, people will pursue jobs as a hobby rather than a compulsion. He believes that within 10 to 20 years, work could become completely optional . Some people will want to live in villages, others in cities; this will all depend on personal choice rather than economic compulsion. He explained it like saying, “You can grow vegetables at home or buy them from a store; both options are available.”

Everyone will get ' Universal High Income '

Musk said that in the future, governments will be able to provide a kind of Universal High Income (UHI) . He argues that AI and robots will produce so many goods and services that resources will be scarce, allowing governments to provide high incomes to every citizen.

According to Musk , if everyone gets UHI and everyone's needs are met, we will move towards the Singularity where the impact of AI will surpass human imagination.

AI will start working for itself

Musk said that there will come a time when AI and robots will have done everything necessary to make humans happy. After that, they will start working for AI because humans' needs are limited. He said, "AI will complete all the tasks that humans can think of. "

Musk claimed that Tesla leads the world in real-world AI . He said that next year the company will begin developing its own helper humanoid robot, "Optimus," which he described as similar to R2D2 and C3PO from Star Wars .

The value of money will decrease in the future.

Musk said that if AI and robots advance to the point where they can fulfill all human needs, the need for money will diminish because money is essentially a reward for work. According to him , when anyone can own anything, the value of money will automatically diminish. In the future, energy production could become the real currency.

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