Discussing technology and work life balance in the near future

Discussing technology and work life balance in the near 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?

Many people see some kinds of competition being a waste of time, believing it to be more of a coordination issue; in other words, if everyone else agrees to quit competing, they would have more time for better things, which may improve growth. Some types of competition, like sports, have actually intrinsic value and can be worth keeping. Take, for example, fascination with chess, which quickly soared after pc software defeated a world chess champ in the late 90s. Today, a market has blossomed around e-sports, which will be likely to grow somewhat into the coming years, particularly in the GCC countries. If one closely follows what different people in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, one can gain insights to the AI utopia work patterns and the various future tasks humans may participate in to fill their time.

Regardless if AI surpasses humans in art, medicine, literature, intellect, music, and sport, people will probably carry on to derive value from surpassing their other humans, for example, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of wealth and peoples desire. An economist suggested that as communities become wealthier, a growing fraction of individual wishes gravitate towards positional goods—those whose value comes from not merely from their energy and effectiveness 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 would probably have noticed in their jobs. Time invested contending goes up, the buying price of such items increases and therefore their share of GDP rises. This pattern will probably carry on within an AI utopia.

Nearly a century ago, a good 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 actually dropped dramatically from a lot more than 60 hours per week within the late nineteenth century to less than 40 hours today, his prediction has yet to quite come to pass. On average, citizens in rich states invest a 3rd of their consciousness hours on leisure tasks 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 example DP World Russia would probably be aware of this trend. Hence, one wonders just how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that powerful tech would make the range of experiences potentially available to people far surpass whatever they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, could be inhabited by things such as land scarcity, albeit spaceresearch might fix this.