-5.9 C
Cheshire
Thursday, January 29, 2026

Musk Sees A Need For Universal Basic Income With Rise Of Robots

Elon Musk, CEO of Tesla, is increasingly clear that in the future robots, like the one he is building, will do the work of humans. For this reason, the second richest man in the world believes that a universal basic income will be necessary in the long term .

This week, Musk announced that he is working on a robot, dubbed the “Tesla Bot,” with the ability to perform certain tasks instead of humans. According to Business Insider, Musk himself acknowledged that this is an advance made by a society in which robots like his would occupy the jobs of humans , losing their livelihood.

Although that has not yet happened, the automation of work is a trend that has been developing for years and that has experienced an acceleration as a result of the Covid-19 crisis . According to OECD data, 14% of jobs have a high risk of automation , a figure that could increase in the future. If so, it seems quite likely that the political debate on universal basic income will reopen.

Basically, it would be a ‘right’ that any citizen could access , without having to previously fulfill any requirement . Known are the results of the failed basic income experiment in Finland, which failed to activate the labor market but did contribute to improving the mental health and economic well-being of recipients.

Despite this failure, several cities in the United States are implementing plans based on this guaranteed income, in an attempt to fight poverty. The first town in the country to do this experiment was Stockton, California, followed by Hudson and Oakland. In the Hudson pilot program, $ 500 per month will be given to 25 randomly selected residents for 5 years . For its part, 600 families will benefit from the trial in Oakland , who will receive the same monthly amount for a year and a half.

However, the automation of work does not have to lead to a massive destruction of jobs. According to a report by the International Monetary Forum, those 85 million displaced jobs will be accompanied by the appearance of another 97 million jobs .

spot_imgspot_img

Latest

Easter sees revival of major food festival under new name and organisers

One of the area’s most established food and drink...

Startups still exposing EMI schemes to costly errors, legal specialist warns

JPP Law says repeated mistakes in EMI implementation...

System Electrical Group rebrands as System Group MEP with launch of mechanical division

System Electrical Group has announced a major step in...

Survey reveals only 64% of UK employees feel able to cope with their workload

Fresh research into employee experience shows workload pressure remains...
spot_imgspot_img

Newsletter

Don't miss

Startups still exposing EMI schemes to costly errors, legal specialist warns

JPP Law says repeated mistakes in EMI implementation...

Easter sees revival of major food festival under new name and organisers

One of the area’s most established food and drink...

System Electrical Group rebrands as System Group MEP with launch of mechanical division

System Electrical Group has announced a major step in...

More News

EU Sanctions Create Shadow Fleet Industry: How Russia Built New Evasion Networks

Western sanctions on Russian oil and gas were designed to strangle Moscow's war-financing capabilities by cutting off energy export revenues. Instead, they have spawned...

Cheshire College students line Crewe streets with creative poppy tribute

Students at Cheshire College – South & West have marked Remembrance Day (November 11) with a creative project, producing hand-designed poppies that now line...

Are Russian Sanctions Working? Supreme Court Justice Calls Asset Freezes “Serious Invasion of Liberty”

A Supreme Court Justice's scathing critique of Russian sanctions reveals fundamental constitutional concerns about indefinite asset freezes imposed on individuals without evidence of wrongdoing....