Elon Musk doubles down on universal basic income: ‘It’s going to be necessary’

Elon Musk doubles down on universal basic income: 'It's going to be necessary'

In an interview with CNBC in November, Tesla CEO Elon Musk joined a growing list of tech executives who support universal basic income as a possible solution to the widespread unemployment that automation will likely cause.

Universal basic income is a system in which all citizens receive a standard amount of money each month to cover basic expenses like food, rent, and clothes.

On Monday, Musk doubled down on his initial support for the concept."I think we’ll end up doing universal basic income," Musk told the crowd at the World Government Summit in Dubai, according to Fast Company . "It’s going […]

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