‘No need for retirement money as it will become meaningless’:People will take to streets if your claim goes wrong, respond experts to Elon Musk

Elon Musk, the world’s richest businessman, has once again claimed that saving money for retirement will become meaningless in the future. According to him, the arrival of super-intelligent machines and robots will lead to such an abundance of everything people need and every convenience that accumulated capital will no longer have any value. Musk has been saying for the past few years that AI will make things much cheaper at a very rapid pace. After that, the traditional way of working, earning a salary and saving money will come to an end. Musk made the remark while responding to a user’s post on ‘X’ A user named Viv had written, “I justify every frivolous expense by telling myself that, in the future, everything is going to be wonderful and abundant. This does not mean you should become completely reckless, but yes, in a few years, most of these things will no longer matter.” Robotics and Space Travel Will Create a Multi-Planetary Economy While recently explaining his vision in detail, Musk said that major advances in robotics and space travel would give rise to a “multi-planetary economy”. He said that once this point was reached, traditional currency would have no significance. When there was no limit to production, the way economic transactions were conducted would change completely. “You Will Get Whatever You Want; Nothing Will Be Scarce” Musk believes that AI, the energy sector and robotics will work together to increase production capacity manifold. As a result, there will be no shortage of resources in the world. Let’s understand this with an example… Suppose you want to buy a new car, build a house or receive treatment at a hospital today. All these tasks require human labour. Engineers and doctors charge fees, while the cost of producing materials is also high. That is why these things are expensive. Now imagine that in the future, AI and robots are doing everything from manufacturing cars and farming to providing medical treatment. Robots never get tired, nor do they demand a salary every month. Once the cost of producing any goods becomes almost zero, essentials, electricity and medical treatment will all become much cheaper. Bill Gates says: The next 20 years will be tumultuous According to Bill Gates, AI will make everything easier in the future, but the changes over the next 20 years will prove to be the most stressful period in human history. Experts warn over Musk’s claim