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  • - There will be fewer and fewer jobs that a robot cannot do better.

  • What to do about mass unemployment?

  • This is going to be a massive social challenge.

  • And...

  • And I think, ultimately, we will have to have some kind of universal basic income.

  • I don't think we would be have a choice.

  • - Universal basic income?

  • - Universal basic income I think it's going to be necessary.

  • - So it means that unemployed people would be pay across the globe?

  • - Yeah.

  • - Because there is no job, machine/robots it's taking over...?

  • - That's simply the... the...

  • I do want to be clear:

  • these are not things that I think that I wish would happen; these are things, simply things that I think probably will happen.

  • And so... If they...

  • 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 basics basic income is going to be necessary...

  • now the output of goods and services will be extremely high.

  • So, with automation

  • they will come abundances.

  • There will be...

  • Almost everything will get very cheap.

  • The...

  • I think the biggest...

  • I think will just end up doing a universal basic income is going to be necessary.

  • The harder challenge (much harder challenge) is...

  • how do people then have meaning?

  • Like, a lot of people they derive the 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? Do you have meaning? Do you feel useless?

  • These are much... That's a much harder problem to deal with.

- There will be fewer and fewer jobs that a robot cannot do better.

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