Elon Musk’s proposal of ‘universal high income’ to combat AI job losses baffles economists: ‘So wrong on this’
Published on April 17, 2026.
Elon Musk has proposed a "universal high income" (UHI) as a way to combat AI-related job losses. The proposal, posted on his X platform, was met with scepticism, with Sanjeev Sanyal, former top economic advisor to India's Minister of Finance, stating that such payments would not be inflationary. However, former Democratic presidential hopeful Andrew Yang, who coined the idea for a similar idea, expressed his support for the idea. Some believe that AI will eventually fund universal income, while others argue that it would create new jobs and opportunities.
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