English transcript

But what to do about mass unemployment?

This is going to be a massive social challenge.

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

I don't think we're going to have a choice.

Universal basic income?

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

So it means that unemployed people will be paid across the globe?

Yeah.

Because there is no job? Machine, robot is taking over?

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

And I want to be clear that these are not things that I wish would happen.

These are simply things that I think probably will happen.

And 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 basic income is going to be necessary.

I think we'll just end up doing a universal basic income that's going to be necessary.

A much harder challenge is how do people then have meaning?

A lot of people, they derive their meaning from their employment.

So if you're not needed, if there's not a need for your labour, what's the meaning?

Do you have meaning? Do you feel useless?

That's a much harder problem to deal with.