Tesla boss Elon Musk backs a 'basic income' for everyone

Daily Mail - Science & tech 

Tesla CEO Elon Musk has doubled down on his support of a universal basic income as a possible solution for unemployment caused by the rise of machines equipped with artificial intelligence taking over the workforce. A universal basic income would give a standard amount of money to every citizen to cover basic expenses like food and living costs each month. At the World Government Summit in Dubai on Monday, Musk told a crowd that universal basic income is'going to be necessary' in the future. Tesla CEO Elon Musk told a crowd at the World Government Summit in Dubai on Monday (pictured) that universal basic income is'going to be necessary' in the future Musk first joined the growing list of tech executives supporting the payment system in November when he spoke about the concept in an interview with CNBC. Former President Barack Obama warned Congress in March that by 2030, as many as 50 per cent of jobs could be replaced by robots, leaving millions of people without work.