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  • 9 months ago
Elon Musk said Tesla’s Optimus robots could help Japan as the country faces severe labor shortages driven by aging demographics. Musk argued Optimus could replace jobs and reduce poverty, while critics like Senator Bernie Sanders warned of worker displacement.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk said Tesla's optimist robots could help Japan as the country faces a labor shortage,
00:07according to Benzinga. He was responding to a post on X suggesting the Japanese government
00:10explore optimists and cyber camps to address worker gaps. Big in Japan said demographic
00:15changes that began in the 1980s are now creating acute labor shortages and pushing wages higher.
00:21Aging low birth rates and limited room for further senior workplace participation are
00:26driving the strain. The increased participation by women is helping offset some of the pressure.
00:31Musk said optimists could replace jobs, eliminate poverty, and perform surgery.
00:36Senator Bernie Sanders warned that robotics and AI investments could displace average workers.
00:40For all things money, visit Benzinga.com.
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