Sorry six-figure earners: Elon Musk say that money will ‘disappear' in the future as AI makes work (and salaries) irrelevant [Fortune]
Tesla, Inc. (TSLA)
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Source: Fortune
So you've worked your way up the ladder to a comfortable six-figure salary. Or perhaps you've squirreled away hundreds of thousands in cash in the bank—or invested in stocks and retirement accounts. According to Elon Musk, none of that may matter for very long. Recommended Video The world's richest person believes money itself is on borrowed time. In a future workforce dominated by artificial intelligence and robotics, Musk says salaries will become non-existent, and therefore, cash will fade into irrelevance altogether. “I think money disappears as a concept, honestly,” the SpaceX and Tesla founder said on an episode of the People by WTF podcast. “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.” Work—and money—could be ‘optional' in less than 20 years Essent
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