BBC NewsBorrowing was £17.4bn last month, the second highest October figure since monthly records began in 1993.
FInito World
Elon Musk’s latest forecast – that within two decades, work will become “optional” – is the kind of statement only the world’s richest man can make without irony. Speaking at the US-Saudi Investment Forum, Musk sketched a vision of the future where employment is reduced to a hobby – as optional and pleasant as growing vegetables or playing sport. Powered by exponential advances in robotics and AI, his vision is utopian. He even went so far as to say money itself may become irrelevant.
There are many who will dismiss this as a privileged tech-fantasy, a Silicon Valley mirage untethered from the stubborn realities of ordinary life. And yet, Musk’s pronouncements are rarely as far-fetched as they seem at first glance. When the man who brought electric cars into the mainstream, launched a private space company, and is now at the centre of the AI arms race speaks about the future, it is wise to at least listen.
Musk’s prediction is, at its heart, about productivity. He believes that the only path to universal wealth lies not in redistribution, nor in political reform, but in scaling machines capable of doing human work better, faster and more cheaply. This is not a wholly new idea. The industrial revolutions of the past were powered by similar promises. But unlike steam or electricity, artificial intelligence has the capacity to replace not just labour, but judgement, creativity and even care. The implications for employability are profound.
At Finito World*, we are grounded in the belief that work is not simply a means to income, but a fundamental pillar of personal development, purpose and dignity. For all Musk’s talk of optional work, what he describes is a future where work becomes the preserve of the curious and the passionate, while the rest are relegated to passive recipients of abundance.
This is not a future to be welcomed uncritically. If work becomes optional, who chooses to opt in – and who gets left behind? If currency becomes irrelevant, what replaces the economic relationships that bind us, motivate us, and allow us to contribute? Musk implies that robots will do the work, and humans will be free. But free to do what – and in what kind of society?
In fact, many of the seeds of this future are already being sown. The rise of generative AI is beginning to touch sectors previously thought immune to automation: design, law, journalism, even teaching. At the same time, labour markets are fracturing. More young people are entering insecure or freelance work, while mid-career professionals face growing pressure to reskill or risk obsolescence.
Yet, the solution cannot be to drift passively toward a post-work society. Nor should it be to declare war on technology. Instead, we must urgently begin to build the scaffolding that will allow human potential to flourish in an AI-enabled world. That means rethinking how we educate, how we train, how we value non-economic contribution, and – crucially – how we define success.
Musk is right in one sense: we are at the threshold of an extraordinary technological transformation. But his version of a work-free future risks leaving out the very thing that makes us human – our drive to contribute, to build, and to grow through effort. Work is not just toil. It is structure, self-worth, and community. The idea that it could one day become obsolete should alarm us as much as it excites us.
There are also real dangers in the assumption that technology will lift all boats. The history of automation has always been uneven. The benefits flow to capital and to those with the skills to leverage it, while the dislocated are often left navigating bureaucratic welfare systems or casualised labour markets. As ever, Musk’s remarks glide over the political and social consequences of rapid change.
The question, then, is not just whether work will become optional. It is whether society will survive the transition intact – and whether we are willing to put in the hard policy work now to ensure that the post-work world, if it comes, is a better one.
Finito World exists because we believe in the transformational power of work. We believe that human beings need purpose, and that work – real, meaningful, rewarding work – is one of the surest routes to it. That won’t change in twenty years, no matter how clever the robots get.
Let the machines take the strain. But let us not lose sight of the fact that employability is not just about surviving in the economy. It is about thriving in our humanity. And no algorithm, however advanced, can replace that.