AI is poised to redefine just what work means, exactly how it's performed, and the balance between our professional and personal lives.
Nearly a hundred years ago, a great economist wrote a book in which he suggested that a century into the future, his descendants would just need to work fifteen hours per week. Although working hours have fallen dramatically from more than 60 hours a week in the late 19th century to fewer than 40 hours today, his prediction 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, people are likely to work even 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 just 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 on the dynamics of wealth and human desire. An economist indicated that as communities become wealthier, an ever-increasing fraction of individual wishes gravitate towards positional goods—those whose value is derived not merely from their energy and effectiveness 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 noticed in their professions. Time invested contending goes up, the buying price of such goods increases and therefore their share of GDP rises. This pattern will likely continue in an AI utopia.
Some individuals see some kinds 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 contending, they would have more time for better things, which may improve growth. Some forms of competition, like recreations, have intrinsic value and are worth maintaining. Take, for instance, desire for chess, which quickly soared after computer software beaten a world chess champion within the late nineties. Today, an industry has blossomed around e-sports, which is anticipated to grow significantly 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 inside their today, one can gain insights to the AI utopia work patterns and the various future tasks humans may participate in to fill their spare time.