Sorry, six-figure earners: Elon Musk says that money will ‘disappear’ in the future as AI makes work (and salaries) irrelevant

Elon Musk has made some bold predictions about the future of work and wealth. In a recent interview, he stated that money will essentially become obsolete as artificial intelligence (AI) takes over many tasks currently performed by humans.

Musk's comments sparked debate among economists, entrepreneurs, and everyday people wondering what this means for our financial futures. Will we still need to earn a living, or can we simply rely on the kindness of AI robots?

What does it mean for six-figure earners?

• Musk's vision implies that salaries and income may no longer be relevant as machines do more work.
• This raises questions about how people will afford the things they need, even if those needs change over time.
• Some argue this could lead to a universal basic income (UBI), but that's still a topic of much debate and experimentation worldwide.

Musk is not the first to suggest that AI might disrupt traditional employment. However, his emphasis on the potential for money to 'disappear' adds an intriguing twist to the conversation.

How will we adapt?

• The idea of a post-scarcity economy, where basic needs are met without requiring a job, is being explored by some researchers and entrepreneurs.
• Others propose a shift in focus from material wealth to personal growth, travel, and experiences – things that money can't directly buy but bring joy and fulfillment.

Whether or not Musk's vision becomes reality remains to be seen. One thing is certain: the relationship between work, money, and happiness will continue to evolve as technology advances.

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