The potential of AI and automation cutting working hours appears extremely plausible, but will this enhance our work-life balance?
Almost a hundred years ago, a good economist published a book by which he suggested that 100 years into the future, his descendants would only need to work fifteen hours per week. Although working hours have dropped significantly from more than sixty hours a week within the late 19th century to less than 40 hours today, his prediction has yet to quite come to materialise. On average, citizens in rich countries invest a third of their consciousness hours on leisure activities and recreations. Aided by advancements in technology and AI, humans will likely work even less into the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would probably be familiar with this trend. Thus, one wonders just how individuals will fill their spare time. Recently, a philosopher of artificial intelligence surmised that powerful tech would result in the range of experiences possibly available to people far exceed whatever they have now. However, the post-scarcity utopia, along with its accompanying economic explosion, may be inhabited by things like land scarcity, albeit spaceresearch might fix this.
Even though AI outperforms humans in art, medicine, literature, intellect, music, and sport, people will likely continue to obtain value from surpassing their other 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 suggested that as communities become wealthier, an ever-increasing fraction of human cravings gravitate towards positional goods—those whose value comes not merely from their energy and usefulness 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 noticed in their professions. Time spent contending goes up, the price tag on such goods increases and therefore their share of GDP rises. This pattern will probably carry on within an AI utopia.
Many people see some types of competition being a waste of time, thinking it to be more of a coordination issue; that is to say, if everyone agrees to quit contending, they would have significantly more time for better things, that could boost development. Some forms of competition, like activities, have intrinsic value and can be worth keeping. Take, for example, fascination with chess, which quickly soared after pc software defeated a global chess champ in the late nineties. Today, a business has blossomed around e-sports, that is anticipated to develop considerably into the coming years, specially in the GCC countries. If one closely follows what different groups in society, such as for example aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, one can gain insights to the AI utopia work patterns and the various future tasks humans may participate in to fill their spare time.