Understanding the effect of AI on working hours in near future

In a envisioned AI utopia where fundamental requirements are met and wealth abounds thanks to AI. Just how will individuals spend their time?

 

 

Nearly a hundred years ago, outstanding economist wrote a book in which he asserted that a century into the future, his descendants would only have to work fifteen hours per week. Although working hours have actually dropped considerably from significantly more than sixty hours per week within the late nineteenth century to less than forty hours today, his prediction has yet to quite come to pass. On average, citizens in wealthy countries spend a third of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, people are likely to work also less in the coming decades. Business leaders at multinational corporations such as DP World Russia would likely be aware of this trend. Hence, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence surmised that effective technology would result in the array of experiences possibly available to people far exceed what they have now. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, might be inhabited by things such as land scarcity, albeit spaceresearch might fix this.

Even if AI outperforms humans in art, medicine, literature, intelligence, music, and sport, people will probably continue to derive value from surpassing their fellow humans, as an example, by possessing tickets to the hottest events . Certainly, in a seminal paper regarding the dynamics of wealth and human desire. An economist suggested that as communities become wealthier, an escalating fraction of individual preferences gravitate towards positional goods—those whose value comes 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 would probably have noticed in their careers. Time spent contending goes up, the price tag on such products increases and so their share of GDP rises. This pattern will likely carry on in an AI utopia.

Some people see some forms of competition as being a waste of time, believing it to be more of a coordination issue; in other words, if every person agrees to avoid contending, they might have more time for better things, which could improve development. Some types of competition, like recreations, have actually intrinsic value and are worth maintaining. Take, as an example, desire for chess, which quickly soared after computer software beaten a world chess champion within the late 90s. Today, an industry has blossomed around e-sports, that will be likely to grow somewhat within the coming years, especially into the GCC countries. If one closely follows what different people in society, such as for instance aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing in their today, one could gain insights into the AI utopia work patterns and the various future tasks humans may participate in to fill their time.

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