I recently heard that Sam Altman, CEO of Open AI, the company behind the AI writing tool Chat GPT, has said that he believes artificial intelligence will soon be able to make all American’s a Universal Basic Income, often called a living wage.
He said; “In as little as 10 years, AI could generate enough wealth to pay every adult in the United States, $13,500 a year.”
He also said “My work at open AI reminds me every day about the magnitude of the socio-economic change that is coming sooner than most people believe.”
If, as predicted, AI can generate a living wage for all of the people in the US, could it generate a living wage for everyone on the planet?
I’m not sure how AI will make money exactly… but Sam Altman believes that we will soon be at that point where AI tools and services are automatically making people money so that they don’t have to work.
It’s an interesting concept, although $13,500 is a pittance compared to the fact that the average US annual salary is currently $60,000 and when you think about how much the people who own AI tools like Chat GPT will be earning.
I doubt that it will stop all people from working though; after all, AI won’t be repairing your roof when it starts leaking… at least not in the near future.
Maybe in fifty or a hundred years there may be AI machines that do the mundane and dangerous work like those seen in the drama ‘Humans’ or the film ‘iRobot’, but for now, physical work such as construction and maintenance is mostly human based.
I say, mostly human based, there are buildings that are now being ‘printed’ using big 3D printing machines following computer programs that are managed by computers, so it won’t be long before they are fully controlled by AI software.
Not all physical jobs are safe though…
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We now have self-driving cars replacing taxi and lorry drivers, we have machines that pick stock from shelves and deposit them onto conveyors that take them to a desired destination, and we have programmable drones which can deliver items through the air faster than vehicles using roads.
Let’s not forget that we also have self-checkout machines replacing cashiers in shops. The vice-president and CFO of Walmart, John David Rainey, has stated that by 2026, 60% of Walmart stores will be fully automated meaning they will have no human workers.
It’s a changing world, that’s for sure.
We do live in an exciting (and quite scary) time and it will be interesting to see if AI will develop to the point that it can actually make hands-free money and give people a living wage.
As a tool, AI can be incredibly useful and it can help people to generate a passive income today. It may not deliver you a living wage just yet, but it can help you to build a passive income.
Chart GPT can help people to write emails, articles, social media posts, and even eBooks, within minutes.
Those eBooks can be sold on platforms like Gumroad, Amazon Kindle, and your own website generating a passive income.
There are people making a decent passive income today by using tools like Chat GPT to write books which they sell on Amazon Kindle.
To discover how you can do this for yourself… click the link below:
AI eBook Publishing Profits
Kind regards
John Harrison.
PS… You can have your very own eBooks selling on Amazon within an hour or two, eBooks which could earn you a passive income.
I suggest you get in on this now before everyone else does because AI is revolutionising the publishing industry and there is going to be a lot of people who will want to get involved and as the saying goes ‘the early bird catches the worm’!
Here’s that link again: