Peter Schiff Says AI Eliminating Need for Work Benefits Humanity

Peter Schiff has argued that a future where artificial intelligence (AI) renders human labor unnecessary would benefit humanity.

According to CoinTelegraph on Thursday (local time), Schiff stated that people seek jobs primarily to earn income for purchasing goods and services, and if AI eliminates the need for work, it would be a 'victory for humanity.'

He evaluated AI's potential to replace labor from the perspective that employment is merely a means to enjoy desired products and services, not an end in itself.

However, Schiff did not provide specific solutions on how to maintain income or purchasing power during the transition where AI replaces human work.