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

Iconic LVT Range from J2 Flooring Takes Top Honours at 2026 Awards

LANCASHIRE, UK. October 5th, 2026 - J2 Flooring has...

Fast-growing Timberwise sees profits soar more than 70 per-cent

Fast-growing property care specialist Timberwise has seen profits soar...

Atkinsons Bullion & Coins Opens First Scottish Office Following Record £330m Turnover

EDINBURGH, UK. October 5th, 2026 - Atkinsons Bullion &...

Shropshire Chef Creates World’s First Blue Cheese Hot Sauce Using Genuine British Stilton

SHREWSBURY, UK. October 2nd, 2026 — Executive Chef Wayne...
spot_imgspot_img

Newsletter

Don't miss

Dental Implants in Turkey: What International Patients Should Know Before Choosing a Clinic

For patients travelling to Turkey for dental implants, the...

Shropshire Chef Creates World’s First Blue Cheese Hot Sauce Using Genuine British Stilton

SHREWSBURY, UK. October 2nd, 2026 — Executive Chef Wayne...

More News

Vernon Building Society invites charities and businesses to save with a purpose

Vernon Building Society is inviting charities and businesses to place their surplus funds with a local mutual that combines a reliable, fixed return with...

The Heat Pump Warehouse heads to Edinburgh and Westminster to connect heat-pump supply chain with public sector delivery

The Heat Pump Warehouse has confirmed it will attend two major national conferences this autumn as public sector heat decarbonisation moves from policy commitments...

Sir Keir Starmer resigns as prime minister

Prime minister Keir Starmer has announced his resignation after months of mounting pressure inside the Labour Party. He confirmed he will remain prime minister until...