scorecardElon Musk

Elon Musk

Musk, the CEO of Tesla and SpaceX, told CNBC in a recent interview that "there's a pretty good chance we end up with a universal basic income, or something like that, due to automation."

He added that he couldn't foresee any other solutions to the threat of robots taking everyone's jobs than a system of basic income. Since automation would make cause both unemployment and economic output to rise, society might have no choice but to distribute a portion of the money to everyone equally.

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