"The entrepreneur said that within just a few years, we will live in a world marked by a great surplus, where "better medical care than anyone has today" will be "available for everyone within five years." He also said that there will be "no scarcity of goods and services" and you'll be able to learn anything you want. Musk continued, explaining that there will be such a surplus that life will no longer require people to save in order to ensure they are taken care of later on."
""One side recommendation I have is: Don't worry about squirreling money away for retirement in 10 or 20 years. It won't matter," he said, adding that he believes "saving for retirement will be irrelevant" and that the future will bring abundance. Musk said he doesn't just foresee "universal high income," but also major "social unrest" as the result of so much change in a short period of time."
AI advances will generate extreme abundance, enabling widespread access to goods, services, knowledge, and superior medical care. Better medical care than exists today will become available to everyone within five years. Scarcity of goods and services will disappear, and learning opportunities will be universally accessible. Retirement savings will become largely unnecessary as resources and incomes become broadly available. Currency value may shift toward measurements of energy use, such as wattage. Rapid technological change will produce universal high income potential alongside major social unrest and a bumpy, obstacle-filled transition period.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]