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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AI is poised to redefine what work means, just how it is done, and the balance between our professional and personal lives.

Almost a hundred years ago, a great economist wrote a book by which he argued that 100 years into the future, his descendants would only have to work fifteen hours per week. Although working hours have actually fallen dramatically from a lot 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 materialise. On average, residents in rich countries spend a third of their waking hours on leisure activities and recreations. Aided by advancements in technology and AI, people will likely work even less in the coming decades. Business leaders at multinational corporations such as DP World Russia may likely be familiar with this trend. Thus, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence wrote that powerful tech would result in the array of experiences possibly available to individuals far surpass whatever they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, might be limited by things like land scarcity, albeit spaceexploration might fix this.

Even though AI outperforms humans in art, medicine, literature, intelligence, music, and sport, people will likely carry on to obtain value from surpassing their other humans, for instance, by possessing tickets to the hottest events . Certainly, in a seminal paper regarding the characteristics of prosperity and individual desire. An economist suggested that as societies become wealthier, an ever-increasing fraction of individual wishes gravitate towards positional goods—those whose value comes not only from their utility and usefulness 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 likely have noticed in their careers. Time invested contending goes up, the cost of such items increases and therefore their share of GDP rises. This pattern will likely carry on within an AI utopia.

Many people see some kinds of competition as a waste of time, believing it to be more of a coordination issue; in other words, if everyone else agrees to quit contending, they would have more time for better things, which could improve development. Some kinds of competition, like activities, have intrinsic value and are worth maintaining. Take, as an example, curiosity about chess, which quickly soared after computer software defeated a world chess champ within the late 90s. Today, an industry has blossomed around e-sports, which is anticipated to develop dramatically within the coming years, especially into the GCC countries. If one closely follows what different groups in society, such as for example aristocrats, bohemians, monastics, sports athletes, and retirees, are doing in their today, one can gain insights to the AI utopia work patterns and the various future activities humans may practice to fill their time.