Elon Musk - Warning

we do need to think about transport in general um and uh there's the movement towards electric vehicles sustainable transport um that i think that's going to be you know good for for many reasons but again not something that happens immediately that'll happen slower than the self-driving vehicles so that's probably something that happens over 30 or 40 years the transition to electric vehicles so thinking about that in context the demand for electricity will increase dramatically so currently in terms of total energy usage in the world it's about one-third electricity about one-third transport about one-third heating so over time that will transition to almost all not not all but predominantly electricity which means that the demand for electricity will probably triple so it's going to be very important to think about how do you make so much more electricity um and i think maybe the these these things do play into each other a little bit but what to do about mass unemployment this is going to be a massive social challenge and i think ultimately we will have to have some kind of universal basic income i don't think we're gonna have a choice there will be fewer and fewer jobs that a robot cannot do better um that that's simply the and i want to be clear that these these are not uh things that i think that i wish would happen these are things simply things that i think probably will happen and since if if my assessment is correct and they probably will happen then we need to say what are we going to do about it and i think some kind of a universal basic income is going to be necessary um now the output the output of goods and services will be extremely high um so with automation um they will they will come abundance um there will be almost everything will get very cheap um the uh is so it's i think the biggest i think we'll just end up doing a universal basic income that's going to be necessary um the the harder challenge much harder challenge is how do people then have meaning like a lot of people they derive their meaning from their employment so if you don't have if you're not needed if there's not a need for your labor how do you what's the meaning you do do you have meaning do you feel useless these are much that's a much harder problem to deal with um and then how do we ensure that the future is going to be the future that we want that we still like

Channel: DB Business

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Keywords: Elon Musk, elon, musk, elon musk interview, elon musk speech, elon musk advice, elon musk today, elon musk warning, elon musk ev, elon musk future, elon musk economy, elon musk wisdom

Id: l0wpFm14rJc

Length: 3min 17sec (197 seconds)

Published: Sat Oct 31 2020