Just what will be the impact of AI on work habits

Just what will be the impact of AI on work habits

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In a imagined AI utopia where basic needs are met and wealth abounds as a result of AI. How will individuals spend their time?

Nearly a century ago, an excellent economist wrote a paper in which he argued that a century into the future, his descendants would only have to work fifteen hours a week. Although working hours have actually fallen dramatically from significantly more than 60 hours a week within the late nineteenth century to fewer than forty hours today, his prediction has yet to quite come to materialise. On average, citizens in rich countries invest a third of their waking hours on leisure tasks and sports. Aided by advancements in technology and AI, people are going to work also less within the coming decades. Business leaders at multinational corporations such as DP World Russia would probably be aware of 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 potentially available to individuals far exceed whatever they have now. However, the post-scarcity utopia, along with its accompanying economic explosion, may be inhabited by such things as land scarcity, albeit spaceresearch might fix this.

Some people see some forms of competition as a waste of time, thinking that it is more of a coordination problem; in other words, if everybody agrees to cease competing, they might have significantly more time for better things, that could improve growth. Some kinds of competition, like recreations, have intrinsic value and are worth maintaining. Take, for example, curiosity about chess, which quickly soared after pc software defeated a global chess champ in the late 90s. Today, a market has blossomed around e-sports, which is likely to develop dramatically into the coming years, especially within the GCC countries. If one closely follows what different people in society, such as for example aristocrats, bohemians, monastics, athletes, and retirees, are doing inside their today, one could gain insights into the AI utopia work patterns and the various future activities humans may take part in to fill their time.

Even though AI outperforms humans in art, medicine, literature, intelligence, music, and sport, people will probably continue to obtain value from surpassing their other humans, as an example, by possessing tickets to the hottest events . Certainly, in a seminal paper on the dynamics of wealth and individual desire. An economist indicated that as communities become wealthier, an escalating fraction of individual desires gravitate towards positional goods—those whose value is derived 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 may likely have seen in their professions. 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.