Elon Musk: Automation Will Force Governments to Introduce Universal Basic Income

Musk relayed concerns that autonomous technology will impact jobs, and he noted that we will likely have intelligent, massive-scale automation for transportation relatively soon—within the next few decades, in fact: “Twenty years is a short period of time to have something like 12-15 percent of the workforce be unemployed,” he said, pointing out the extent of how automation will disrupt car-based transportation specifically. However, displacement due to automation isn’t just limited to transportation, it will sweep across a number of industries

Source: Elon Musk: Automation Will Force Governments to Introduce Universal Basic Income

Elon Musk, of Tesla Inc At World Government Summit 2017 Dubai

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