Part 2/13:
Musk envisions a benign scenario where AI-driven automation leads to the elimination of most jobs, prompting a shift toward a universal high income system. Unlike basic income, which provides subsistence allowances, high income would give individuals access to a wide array of products and services, effectively eradicating poverty. This optimistic outlook hinges on the assumption that economic productivity will boost to such an extent that sufficient wealth is redistributed to all.
However, Musk admits that there will be significant societal disruption along the way. The transition to this AI-enabled economy could be turbulent, with uncertainties about political will and economic restructuring.