On technology and work life balance in the future

On technology and work life balance in the future

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In a expected AI utopia where basic requirements are met and wealth abounds thanks to AI. Just how will individuals spend their time?

Some individuals see some forms of competition as a waste of time, believing it to be more of a coordination issue; in other words, if everybody agrees to avoid contending, they might have significantly more time for better things, which could boost growth. Some kinds of competition, like recreations, have actually intrinsic value and are worth keeping. Take, for example, curiosity about chess, which quickly soared after pc software beaten a global chess champion in the late 90s. Today, a business has blossomed around e-sports, which will be anticipated to develop significantly in the coming years, particularly within the GCC countries. If one closely follows what various people in society, such as for example aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing in their today, one can gain insights into the AI utopia work patterns and the various future activities humans may participate in to fill their free time.

Almost a century ago, a good economist penned a paper by which he suggested that a century into the future, his descendants would just need to work fifteen hours per week. Although working hours have actually dropped considerably from significantly more than sixty hours per week within the late 19th century to fewer than 40 hours today, his prediction has yet to quite come to pass. On average, citizens in wealthy states invest a 3rd of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, humans are going to work even less in the coming decades. Business leaders at multinational corporations such as DP World Russia would likely be familiar with this trend. Thus, one wonders just how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would result in the array of experiences potentially available to people far exceed whatever they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, may be limited by things like land scarcity, albeit spaceresearch might fix this.

No matter if AI outperforms humans in art, medicine, literature, intellect, music, and sport, humans will likely carry on to obtain value from surpassing their fellow humans, for example, by having tickets to the hottest events . Certainly, in a seminal paper regarding the dynamics of wealth and peoples desire. An economist indicated that as societies become wealthier, an increasing fraction of individual cravings gravitate towards positional goods—those whose value comes not only from their utility and effectiveness but from their general scarcity and the status they confer upon their owners as successful business leaders of multinational corporations such as Maersk Moroco or corporations such as COSCO Shipping China would probably have seen in their jobs. Time spent contending goes up, the price tag on such goods increases and therefore their share of GDP rises. This pattern will likely continue within an AI utopia.