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Elon Musk has a shocking message on AI and robots - AOL.com
This article contains affiliate links; if you click such a link and make a purchase, we may earn a commission.Elon Musk has never been shy about making bold predictions. But his latest statement on AI and automation is drawing some of the sharpest pushback he has seen in a while, and it is not coming from the corners you might expect.The argument he made is simple on the surface. The implications, if he is right, would reshape how governments, workers, and investors think about the next decade.What Musk actually saidIn an April 17 post on X, Musk argued that a federal universal high income is "the best way to deal with unemployment caused by AI."He added that the policy would not trigger inflation because AI and robotics would produce goods and services far in excess of any increase in the money supply.More Elon Musk:His core logic is this: in a normal economy, printing money raises prices because you are chasing the same amount of output. But if AI and robots dramatically expand what the economy produces, the bigger risk becomes falling prices, not rising ones.Handing out government checks, in his view, would be the necessary response to keep demand aligned with a surge in supply.Musk put it plainly: "If AI/robots increase output, then you must issue dollars to people or there will be massive disinflation," Benzinga reported.The reasoning behind Musk's proposalThis is not a new idea for Musk. He has previously argued that Tesla's Optimus humanoid robot could "actually eliminate poverty" by dramatically lifting economic productivity. He has projected that Optimus could increase economic output by a factor of 10 to 100, even though the robot is not yet ready for mass deployment, according to Benzinga.The vision is of what he calls "sustainable abundance": a future where machines handle so much of the physical and cognitive work that scarcity itself begins to fade. In that world, he argues, the structure of government support has to change to match the new economic reality.He also noted that the job losses already underway are part of a transition cost, not a terminal decline. His bet is that the economy on the other side of automation is radically more productive than the one we have now.Why economists are pushing back hardThe proposal drew swift and pointed criticism. Sanjeev Sanyal, who served as the principal economic adviser to India's Ministry of Finance, rejected the premise directly on X."He is so wrong on this," Sanyal wrote, according to Benzinga. ...
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