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RE: Elon Musk: Automation Will Force Universal Basic Income

in #future8 years ago

Elon has purchased 10 of the largest robots in the world for automating Tessa production. So as the world used exponential technology for humans needs products and services,, the human labor requirements and hours will be dramatically reduce in every industry. UBI is the only approach that can with humans who do not work for income. Is this the best way to share resources?

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Whether its the best or not, its really the only way. If we don't have UBI, then we will have mass poverty. Far into the future, money won't even be a thing because robots will be doing everything for us.

There is a right blend of concepts here. UBI is a piece of the solution. For those leading the creation and use exponential technology, they are going to be fine. The sharing model for exchange of resource and services is a must for communities to survive and work. This is the fastest growing part of the global economy today. Individuals must still contribute to participate and UBI could be a supplement for those living at the marginal levels.