So many jobs will be lost so quickly, Musk says, that governments will have to introduce a "universal basic income," or an income for the unemployed. "I don't think we're going to have a choice," he says. "I think it's going to be necessary. There will be fewer and fewer jobs that a robot cannot do better."
This will result in a proliferation of cheap, accessible goods, but it could also have psychological consequences. "I think universal basic income will be necessary, but the much harder challenge is: How will people then have meaning?" he says. "A lot of people derive meaning from their employment. If you're not needed, what is the meaning? Do you feel useless? That is a much harder problem to deal with. How do we ensure the future is a future that we want, that we still like?"