On technology and work life balance in the future

On technology and work life balance in the future

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In a envisioned AI utopia where fundamental needs are met and wealth abounds because of AI. Just how will individuals spend their time?

Whether or not AI surpasses humans in art, medicine, law, intelligence, music, and sport, humans will probably carry on to derive value from surpassing their fellow humans, as an example, by having tickets to the hottest events . Indeed, in a seminal paper regarding the characteristics of wealth and individual desire. An economist indicated that as societies become wealthier, a growing fraction of individual desires gravitate towards positional goods—those whose value comes not simply from their energy and usefulness but from their relative 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 may likely have seen in their professions. Time spent competing goes up, the buying price of such items increases and therefore their share of GDP rises. This pattern will probably continue in an AI utopia.

Almost a hundred years ago, outstanding economist wrote a book in which he suggested that a century into the future, his descendants would just need to work fifteen hours a week. Although working hours have fallen significantly from a lot more than sixty hours per week within the late nineteenth century to less than forty hours today, his forecast has yet to quite come to pass. On average, citizens in wealthy countries spend a third of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, humans are going to work even less within the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would probably know about this trend. Thus, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence surmised that effective technology would make the range of experiences potentially available to people far exceed what they have now. Nevertheless, the post-scarcity utopia, along with its accompanying economic explosion, could be inhabited by things such as land scarcity, albeit spaceresearch might fix this.

Some individuals see some forms of competition being a waste of time, thinking it to be more of a coordination problem; that is to say, if everybody agrees to stop competing, they might have significantly more time for better things, that could improve growth. Some types of competition, like sports, have actually intrinsic value and can be worth keeping. Take, for instance, desire for chess, which quickly soared after computer software beaten a global chess champion in the late nineties. Today, a market has blossomed around e-sports, which will be likely to grow significantly into the coming years, specially within the GCC countries. If one closely examines what various people in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, you can gain insights into the AI utopia work patterns and the many future activities humans may engage in to fill their time.