At the recently concluded Bletchley Park summit on Artificial Intelligence (AI), in an interview with the U.K. Prime Minister Rishi Sunak, billionaire Elon Musk highlighted the disruptive potential of AI. Mr. Musk conceived of a future where AI would substitute for all human labour — both physical and cognitive — and hence individuals would face no pressing need for a job, but would only seek work for personal fulfilment.
While AI may substitute for certain jobs, it generates new jobs in turn, for instance AI programmers. A future where AI has eliminated the need for all forms of work is one where AI has become self-aware — where AI software can not only take on the task it was designed for, but can also design AI to undertake new tasks, and operate and maintain itself. Such a future may be theoretically possible, but practically improbable.
The need for work
A world without…