"While the Tesla and SpaceX CEO admitted he's "more optimistic" than most, he insisted people shouldn't stress over building a nest egg for the distant future, contrary to the staid advice of nearly all other financial professionals.
"Don't worry about squirreling money away for retirement in 10 or 20 years," said the world's richest man on the Moonshots with Peter Diamandis podcast last week. "It won't matter."
By 2030, AI will surpass "the intelligence of all humans combined," Musk predicted. He also claimed eventually there will be more humanoid robots than humans on Earth. Slowly, the traditional job will be replaced as well, with white collar positions first on the list.
"Anything short of shaping atoms, AI can do probably half or more of those jobs right now," he said.
The advances could lead to such big productivity increases, he said, that they will surpass "what people possibly could think of as abundance."
Rather than a universal income, everyone will enjoy a "universal you can have whatever you want' income" in the future, he claimed. In this world, the link between individual wages, savings, and living standards no longer makes sense."
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