AI Utopia or Revolution | Durham News

Durham News Today | 2 Min News | The Daily News Now! · Jul 8, 2026 · 1m

Elon Musk envisions a future where AI and robots do all the work, making jobs optional and ushering in universal high income, with essentials like food and housing becoming cheap and supported by a strong safety net. But Michael Burry, who predicted the 2008 crash, warns that the transition could trigger widespread revolution as displaced workers face chaos before any abundance arrives. While some argue AI will create more jobs for those skilled to work with it, others like JPMorgan’s CEO stress the need for urgent reskilling to avoid labor market collapse. Underlying it all: the massive debt…