Elon Musk: Universal Basic Income Will Provide Backstop as Automated Labor Force Spreads

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"There is a pretty good chance we end up with a universal basic income, or something like that, due to automation," says Musk to CNBC. "Yeah, I am not sure what else one would do. I think that is what would happen."

"People will have time to do other things, more complex things, more interesting things," says Musk. "Certainly more leisure time."