Elon Musk on the Future of Work: No Jobs Needed (From Barron’s) [2 Articles]
~ Sunday, November 5, 2023 Blog Post ~
By Brian Swint, November 3, 2023
Tesla CEO Elon Musk came to the U.K. this week to give his views on artificial intelligence and the future of work.
The short answer: in the future, you won’t need to work.
“You can have a job if you wanted to have a job for personal satisfaction,” Musk said in London after a two-day summit held at Bletchley Park, where Alan Turing, the father of modern computing, worked to break Germany’s Enigma code in World War Two. “But the AI would be able to do everything.”
With the remarks coming a day before U.S. economic data that’s expected to show that hiring is slowing, Musk added that “I don’t know if that makes people comfortable or uncomfortable.”
To be clear, Musk said that that isn’t necessarily a bad thing–though he has warned in the past about the dangers that AI might pose to humanity. Letting AI do all the work would surely allow humans to spend more time doing other things they might enjoy more and create enhanced investment opportunities for leisure stocks.
Unfortunately, Musk wasn’t able to go too deeply into his reasoning for why people may not need to work in the future. Evidence suggests that new technology creates more jobs than it destroys, though it surely also changes the kinds of jobs people do.
In his remarks, the boss of Tesla (ticker: TSLA) pivoted to finding meaning in life as one of the challenges of the future. In that respect, it’s clear that some things never change.
Source:
https://www.barrons.com/articles/elon-musk-ai-tesla-jobs-82b26d20
Article #2: Elon Musk on AI: ‘There will come a point where no job is needed.’ (From MarketWatch)
By Steve Goldstein, November 3, 2023
“There will come a point where no job is needed — you can have a job if you want to for personal satisfaction, but the AI will be able to do everything.”
That’s Elon Musk, the chief executive of Tesla and the world’s richest person, talking to British Prime Minister Rishi Sunak, at an AI summit in London that U.S. Vice President Kamala Harris attended.
Musk has been outspoken about the risks from AI, even as Tesla TSLA, -0.31% is at the forefront of one of its applications, self driving.
So far, there’s been no sign in the economic data that AI is displacing jobs. The unemployment rate did tick higher and jobs growth slowed down, but the labor market remained solid in October. Economists say that technological advances typically don’t displace jobs but lead to higher-skilled positions.
Source:
