Recently, Elon Musk had the chance to share his thoughts on universal basic income (UBI) at the World Government Summit in Dubai. At the Summit, Musk had the opportunity to talk about the future, and the challenges the world will face in the next hundred years – including artificial intelligence (AI), automation, and the job displacement expected to come with it.
When asked about the challenges civilization is set to face in the near future, Musk began, “deep artificial intelligence, or artificial general intelligence, where you can have artificial intelligence that is much smarter than the smartest human on Earth. This is a dangerous situation.”
The much harder challenge is: How will people then have meaning? A lot of people derive meaning from their employment. If you’re not needed, what is the meaning? Do you feel useless? That is a much harder problem to deal with. How do we ensure the future is a future that we want, that we still like?
As the UBI discussion continues, various nations and institutions have already begun their own pilot programs to test the model. In a couple of years or less, there might be enough data from these experiments for us to consider just how effective a solution to unemployment UBI is.
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