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Fortune
Fortune
Sasha Rogelberg

Elon Musk’s optional work fantasy just got more real: UK minister calls for universal basic income to cushion the blow from AI-related job losses

Photo of Elon Musk (Credit: Fabrice COFFRINI / AFP—Getty Images)

Tesla CEO Elon Musk has made no secret of his robot-powered fantasies for the future. Within the next couple of decades, work will be optional because of the widespread proliferation of AI and automation, he has predicted. Gone will be the need for retirement savings, as money will be irrelevant. Instead, Musk sees a world of robots outnumbering humans, providing health care and other services for their organic counterparts.

“With robotics and AI, this is really the path to abundance for all,” he said at the World Economic Forum in Davos, Switzerland, earlier this month. “People often talk about solving global poverty, or essentially, how do we make everyone have a very high standard of living? I think the only way to do this is AI and robotics.”

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