• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
CommentaryAI

Why Elon Musk Is Wrong About AI

By
Stephane Kasriel
Stephane Kasriel
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
Stephane Kasriel
Stephane Kasriel
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
July 27, 2017, 1:57 PM ET

There’s a growing debate about the impact that artificial intelligence will have on the future, with two tech luminaries themselves—Tesla (TSLA) CEO Elon Musk and Facebook (FB) CEO Mark Zuckerberg—as figureheads representing glass-half-empty vs. Half-full perspectives, respectively. Last week, Musk commented that AI is an “existential risk for human civilization.” Zuckerberg retorted that comments like this are “pretty irresponsible,” to which Musk tweeted a retort that Zuckerberg’s “understanding of the subject is limited.” While these comments refer to sweeping impacts, many are debating one specific area where we are already seeing the effects of AI: jobs.

As humans, we’re trained to watch for threats to our survival and predict tragedies. Jobs are intrinsically linked to our survival, as they’re the way most of us earn income and are therefore able to provide for our basic needs. However, many are predicting that with the advent of AI, we will see the rise of a “useless class”—people who are not just unemployed, but are unemployable.

This is a chilling and pessimistic view of the future. If the last century of incredible advances in digital technologies leads to the creation of a “useless class” of people who have nothing better to do than play virtual-reality video games all day, that’s a tragedy for civilization. If that’s what happens, we will look back at Musk’s remarks and say they were accurate. But AI itself is not a thing; it is a series of combined technologies that humans are creating and guiding the impacts of, including impacts on work.

In particular, those of us in the technology industry have an obligation to shape the future of AI and robotics to help create better and more productive jobs. We can leverage AI to ensure that opportunity is more equally distributed around the country and around the world, rather than concentrated in small pockets of urban wealth and opportunity.

Investing energy in the vigilant watch over the future of work is wise because only one thing is sure: Jobs will change. However, buying into doom and gloom is not wise, in my opinion. There is time to shape our future and make it a positive one. Everyone in society has an obligation to ensure that people are educated for a future in which AI touches every aspect of work. But it’s up to those of us who build technology to ensure that it augments human workers, not replaces them.

This is an area where Silicon Valley culture has fallen short, with its obsessive focus on eliminating labor costs. However, there are indications that people in technology are starting to think differently about their obligations toward humanity, and to design their products accordingly.

When it comes to dirty, dangerous, and demeaning work, automation can save lives and increase human dignity. There are already signs that this “fourth industrial revolution” will increase gross domestic product and overall productivity, just as the previous three have done, and it could also increase the flexibility and geographic diversity of work. If this is what we can expect from robots and automation, bring it on.

How AI technology can create opportunity

It’s true that technology has enormous power to eliminate jobs. In 1900, more than 40% of the population worked in agriculture, but by 2000, that was down to 2%, thanks to the efficiencies introduced by farming machines, as economist David Autor points out. Similarly, self-driving vehicle technologies may eventually make millions of truck drivers, taxi drivers, and other driving occupations obsolete. People who do those jobs now will need to find new work.

On the other hand, automation can result in a net increase of jobs. The number of bank tellers in the U.S. Has doubled since the introduction of the ATM. And while farm machinery decimated the market for agricultural jobs, overall participation in the U.S. Workforce grew steadily throughout the 20th century. In every major transition to date, we’ve wound up with more jobs, not fewer.

There is evidence that this is happening now. Indeed, nonfarm private employment has risen for 87 months in a row and unemployment levels are at record lows, in a sign that Internet technologies have not in fact destroyed jobs. Meanwhile, in the past year, about one-third of U.S. Companies have started deploying artificial intelligence. This enormous transition is already beginning.

In the future, AI can help augment people’s work regardless of where they live. For instance, AI-enhanced medical diagnoses may bring the power of supercomputers and the world’s best medical centers into the hands of local family doctors. AI-powered news algorithms can improve our knowledge of world events and help fight fake news. AI can increase the productivity of computer programmers wherever they live, not just in Silicon Valley.

Our obligation to educate ourselves

One reason the last century resulted in so many new jobs is because of the early 20th-century movement to extend mandatory schooling through high school, providing education for people who no longer had farm jobs to look forward to. That decision ensured that we had millions of literate, well-educated people ready to take on the jobs that the second half of the 20th century needed.

We need to do the same now. Only this time, we need to jettison our outdated, 19th-century model of classroom education, and embrace new approaches more suited to our rapidly changing times. Individuals should position themselves for a lifetime of learning since the skills demanded by the workplace are changing more rapidly than ever. Traditional college degrees no longer lead to stable long-term employment opportunities—fresh training on new skills is much more impactful. Companies should also be prepared to retrain people when they replace them with machines. And we need more public-private education partnerships that combine contributions from both business and government.

 

Yes, we need safety nets to help people through these massive transitions, but instead of merely investing in social safety nets, we need to address the root causes.

Those of us in technology need to guide it to augment humans, not replace them. And companies and society as a whole need to invest in education to ensure we and our children are ready for jobs we can’t even imagine yet.

If we do that, as our ancestors did at the beginning of the 20th century, we can help ensure that AI will usher in an era of opportunity and wealth for all.

Stephane Kasriel is CEO of Upwork.

About the Authors
By Stephane Kasriel
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
Europe
Denmark offered to trade Greenland to the U.S. in 1910—and America thought it was crazy
By Steven Lamy and The ConversationJanuary 22, 2026
2 days ago
placeholder alt text
North America
Gates Foundation plans to give away $9 billion in 2026 to prepare for the 2045 closure while slashing hundreds of jobs
By Sydney LakeJanuary 23, 2026
1 day ago
placeholder alt text
Personal Finance
Sweden abolished its wealth tax 20 years ago. Then it became a 'paradise for the super-rich'
By Miranda Sheild Johansson and The ConversationJanuary 22, 2026
2 days ago
placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
2 days ago
placeholder alt text
Success
McDonald’s CEO shares tough love career advice he’d give Gen Z and young millennial workers: ‘No one cares about your career’
By Orianna Rosa RoyleJanuary 22, 2026
2 days ago
placeholder alt text
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergJanuary 22, 2026
2 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Commentary

carolyn
CommentaryLeadership
When companies take off like a rocket, how can founders steer the ship?
By Carolyn DewarJanuary 24, 2026
9 hours ago
shubham
CommentaryConsulting
When AI meets healthcare, how should payers react? 
By Shubham SinghalJanuary 23, 2026
1 day ago
sternfels
CommentaryConsulting
AI makes human intelligence more important, not less 
By Bob Sternfels and Lucy PerezJanuary 22, 2026
2 days ago
wendy
CommentarySmall Business
Built to last: governance for multigenerational family businesses 
By Wendy StewartJanuary 22, 2026
2 days ago
acunto
CommentaryLeadership
I’m the Napster CEO and I agree with Pinterest: the Napster phase of AI needs to end
By John AcuntoJanuary 22, 2026
2 days ago
target
CommentaryImmigration
Slipping on ICE: innocent retailers are the latest collateral damage from Trump’s perpetual noise machine
By Jeffrey Sonnenfeld and Steven TianJanuary 21, 2026
3 days ago