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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The potential of AI and automation cutting working hours seems really plausible, but will this improve our work-life balance?

Some individuals see some forms of competition being a waste of time, believing that it is more of a coordination issue; that is to say, if everyone agrees to cease competing, they would have significantly more time for better things, that could boost development. Some kinds of competition, like sports, have actually intrinsic value and are worth maintaining. Take, for instance, desire for chess, which quickly soared after pc software defeated a world chess champion within the late 90s. Today, an industry has blossomed around e-sports, that will be likely to grow notably in the coming years, specially within the GCC countries. If one closely follows what various groups in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, one could gain insights to the AI utopia work patterns and the various future tasks humans may engage in to fill their time.

Even though AI outperforms humans in art, medicine, law, intelligence, music, and sport, humans will likely continue to acquire value from surpassing their fellow humans, for instance, by having tickets to the hottest events . Certainly, in a seminal paper on the dynamics of prosperity and individual desire. An economist indicated that as societies become wealthier, an escalating fraction of human preferences gravitate towards positional goods—those whose value is derived not only from their utility 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 may likely have seen in their careers. Time invested contending goes up, the buying price of such items increases and so their share of GDP rises. This pattern will likely carry on in an AI utopia.

Nearly a hundred years ago, an excellent economist penned a book in which he put forward the proposition that 100 years into the future, his descendants would only have to work fifteen hours per week. Although working hours have dropped dramatically from a lot more than sixty hours per week in the late 19th century to less than forty hours today, his prediction has yet to quite come to materialise. On average, residents in wealthy countries invest a third of their consciousness hours on leisure tasks and sports. Aided by advancements in technology and AI, people will likely work even less within the coming decades. Business leaders at multinational corporations such as for example DP World Russia would likely be familiar with this trend. Thus, one wonders exactly how people will fill their spare time. Recently, a philosopher of artificial intelligence surmised that effective technology would make the range of experiences possibly available to individuals far surpass what they have now. However, the post-scarcity utopia, along with its accompanying economic explosion, might be limited by such things as land scarcity, albeit spaceresearch might fix this.