Learning about the effect of AI on working hours in future

Learning about the effect of AI on working hours in future

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In a expected AI utopia where basic requirements are met and wealth abounds because of AI. How will individuals spend their time?

Almost a hundred years ago, a good economist published a book by which he asserted that 100 years into the future, his descendants would only need to work fifteen hours per week. Although working hours have dropped considerably from a lot more than sixty hours per week in the late 19th century to less than 40 hours today, his forecast has yet to quite come to materialise. On average, citizens in rich countries spend a 3rd of their waking hours on leisure tasks and sports. 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 likely know about this trend. Thus, one wonders just how individuals will fill their spare time. Recently, a philosopher of artificial intelligence surmised that powerful technology would make the array of experiences possibly available to people far surpass what they have. Nevertheless, the post-scarcity utopia, along with its accompanying economic explosion, may be inhabited by such things as land scarcity, albeit spaceresearch might fix this.

Many people see some types of competition being a waste of time, believing that it is more of a coordination problem; in other words, if everybody agrees to cease competing, they might have more time for better things, which may boost development. Some kinds of competition, like recreations, have intrinsic value and can be worth keeping. Take, as an example, desire for chess, which quickly soared after pc software defeated a global chess champ in the late nineties. Today, an industry has blossomed around e-sports, that will be expected to develop considerably within the coming years, especially within the GCC countries. If one closely follows what different people in society, such as aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, it's possible to gain insights to the AI utopia work patterns and the various future tasks humans may engage in to fill their free time.

Even if AI surpasses humans in art, medicine, literature, intellect, music, and sport, humans will likely carry on to derive value from surpassing their other humans, as an example, by having tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of wealth and individual desire. An economist indicated that as societies become wealthier, an ever-increasing fraction of individual desires gravitate towards positional goods—those whose value comes not merely from their utility and effectiveness but from their general scarcity and the status they bestow 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 careers. Time spent contending goes up, the cost of such goods increases and so their share of GDP rises. This pattern will likely carry on within an AI utopia.