""it's clear that a lot of jobs are going to disappear: it's not clear that it's going to create a lot of jobs to replace that.""
""This isn't AI's problem," he continued last month. " This is our political system's problem. If you get a massive increase in productivity, how does that wealth get shared around?""
"SpaceX and Tesla CEOElon Musk, for example, has waxed poetic about a future in which AI and robotics could make us all rich. Currently the world's wealthiest person himself, Musk has spent some time over the last few weeks bleating about "universal high income," a take on universal basic income where every out-of-work peon would live comfortably off the prosperity of private corporations, like his beleaguered AI venture, xAI."
"Of course, as The New Yorker's John Cassidy observes, such material abundance for displaced workers won't be possible unless Musk and his fellow billionaires agree to share their largesse. (As Martin Luther King Jr wrote from Birmingham Jail, "it is an historical fact that privileged groups seldom give up their privileges voluntarily.")"
Tech corporations are pursuing AI-driven automation that could replace large numbers of human jobs and entrench corporate indispensability in the global economy. Rapid productivity gains from AI may not generate equivalent new employment, producing significant displacement. The central challenge is political: decisions about how productivity-derived wealth will be shared across society. Proposals such as a privately funded universal income have been floated, but such measures depend on voluntary redistribution by wealthy corporate owners. Without concrete redistribution mechanisms, AI-driven prosperity risks amplifying inequality and social instability as corporations capture most economic benefits.
Read at Futurism
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