‎Elon Musk Predicts AI and Robotics Will Make Work Optional and Money Irrelevant Within 20 Years

‎Elon Musk shared a bold prediction about the future of work during the U.S.-Saudi Investment Forum in Washington, D.C. He said that within the next 10 to 20 years, people may no longer need to work. According to him, having a job could become a personal choice, similar to choosing to grow vegetables in your backyard instead of buying them at the store.

‎

‎Elon Musk predicts AI and robots could make work optional and money less important within 10–20 years, creating a major shift in how people live.

‎Stefani Reynolds/Bloomberg via Getty Images

‎

‎Musk explained that this change would come from millions of robots taking on tasks across different industries. He has been working to expand Tesla beyond electric cars, and a big part of his plan involves the Optimus humanoid robot. He said he expects robots to eventually make up most of Tesla’s value, even though the robots are still facing production delays.

‎

‎There are mixed opinions about this future. Some people worry that automation is already replacing entry-level jobs, which may be affecting younger workers and slowing income growth. These concerns reflect a more uncertain view of an automated world.

‎

‎Musk also talked about a future where money may no longer matter. He compared his ideas to the “Culture” science-fiction books by Iain M. Banks, which imagine a world without traditional jobs or money. Musk said that if AI and robotics keep improving, money could eventually stop being important. He previously suggested that a “universal high income” might support people in a world where work is optional, an idea similar to universal basic income supported by some tech leaders.

‎

‎Experts say there are major challenges to reaching this future. Economist Ioana Marinescu explained that AI is getting cheaper, but physical robots are still expensive and hard to scale. She said that although she believes automation will keep growing, she doubts Musk’s timeline. Research shows that AI has not yet caused major changes in the overall job market since tools like ChatGPT became widely available.

‎

‎Another question is how society would support millions of people without jobs. Samuel Solomon, a labor economist, said the political system would need to change as much as the technology itself. He pointed out that the AI boom is already widening the wealth gap, with big tech companies gaining much more than the rest of the market.

‎

‎Some experts also warn about the effect on human purpose. Professor Anton Korinek said many people find friendships and meaning through work, so a world without jobs would require new ways for people to connect and feel fulfilled.

‎

‎Musk has spoken about this before. He said that if robots and computers become better than humans at almost everything, people may wonder what gives their lives meaning. He suggested that humans may still play an important role in guiding AI and giving it purpose.