Elon Musk predicted the advent of an era of universal high income thanks to the development of AI and robotics

The rapid development of artificial intelligence (AI) and robotics could usher in an era of “high income for all.” This opinion was expressed by American entrepreneur Elon Musk in an interview with the Chinese TV channel CGTN.

In his opinion, in such a future, the shortage of goods and services will practically disappear, and the material capabilities of people will increase significantly. The businessman believes that robots in the coming years will be able to produce a quantity of goods and services that will be sufficient to satisfy almost any human need.

As he noted, the development of AI and robots can radically change the existing economic system. because there is a chance of transition to an era of “high income for all”. This is precisely the system in which people will not have to work to provide basic needs, Musk assures.