Elon Musk is a controversial figure who manages to capture our imagination through a combination of technology and personal public theater.
Reflecting on Musk’s 2022 annual Tesla AI Day, where he showcased the future possibilities for their technology, and on his highly publicized Twitter ventures, I wanted to put his assertions into context.
Summary of Musk’s assertions: Robots will take over our jobs, do our housework, and the economy will thrive so much that we’ll all be paid…to do nothing.
Robots, powered by AI, will take over your day job.
Today, the US is home to 310,700 industrial robots (that’s roughly the capacity of 3 large football stadiums) – and it’s increasing by 40,000/year – thus, roughly 6 football stadiums of robots by 2030
Automation has the potential to eliminate 73 million US jobs by 2030, which would equate to a staggering 46% of the current jobs.
Robots will also do your housework… for less than the cost of an entry-level car you could have a personal robot.
Musk anticipates the Tesla Optimus Robot will be less than $20,000
What possible futures could this create?
Musk says that the economy will thrive, and the government will be able to pay everyone simply to live. Well, yes and no.
YES. The economy will thrive.
Data shows that automation has the potential to raise the United States GDP by 5%, $1.2 trillion (for context, imagine if your paycheck had 12 zeros!), within the next five years.
NO. Sadly, everyone won’t be getting checks for doing nothing..so I’d focus on upskilling!
Automation is also predicted to create 58 million new jobs.
These 15 million net lost jobs…people will need to reskill themselves!