Sorry, six-figure earners: Elon Musk says that money will ‘disappear’ in the future as AI makes work (and salaries) irrelevant
Tips
So you’ve worked your way up the ladder to a comfortable six-figure salary. Or perhaps you’ve squirreled away hundreds of thousands in cash in the bank—or invested in stocks and retirement accounts. According to Elon Musk, none of that may matter for very long.
The world’s richest person believes money itself is on borrowed time. In a future workforce dominated by artificial intelligence and robotics, Musk says salaries will become nonexistent, and therefore, cash will fade into irrelevance.
“I think money disappears as a concept, honestly,” the SpaceX and Tesla founder said on an episode of the People by WTF podcast.
“It’s kind of strange, but in a future where anyone can have anything, you no longer need money as a database for labor allocation. If AI and robotics are big enough to satisfy all human needs, then money is no longer necessary. Its relevance declines dramatically.”
.......
Continue Reading
Comments (5)
Best Company Reply
- Ali Tufan
- 2 days ago
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce vel augue eget quam fermentum sodales. Aliquam vel congue sapien, quis mollis quam.Because Other Candidates
- Martha Griffin
- 23 August 2018
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce vel augue eget quam fermentum sodales. Aliquam vel congue sapien, quis.Aldus PageMaker including versions Reply
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Fusce vel augue eget quam fermentum sodales. Aliquam vel congue sapien, quis mollis quam.