"I think money disappears as a concept, honestly,"
"It's kind of strange, but in a future where anyone can have anything, you no longer need money as a database for labour allocation If AI and robotics are big enough to satisfy all human needs, then money is no longer necessary. Its relevance declines dramatically."
"AI will be able to do everything" and that work will effectively become " like a hobby."
Money may disappear as a concept in a future where AI and robotics can satisfy all human needs, eliminating the need for wages and money as a labour-allocation database. Robots could build houses, grow food, manufacture goods, and provide services like healthcare and education at near-zero marginal cost. Utopian scenarios envision citizens accessing virtually anything and spending time on leisure or passion projects. Major unresolved issues include how scarce resources and desirable goods, such as larger homes or prime locations, would be allocated without monetary signals or wages.
Read at Fortune
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