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 work hours appears extremely plausible, but will this improve our work-life balance?

Some people see some kinds of competition as a waste of time, thinking it to be more of a coordination problem; in other words, if everybody agrees to cease contending, they would have significantly more time for better things, which could improve growth. Some forms of competition, like activities, have intrinsic value and can be worth keeping. Take, for instance, desire for chess, which quickly soared after pc software defeated a global chess champion within the late 90s. Today, a market has blossomed around e-sports, which can be expected to develop significantly into the coming years, especially within the GCC countries. If one closely examines what various groups in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing within their today, it's possible to gain insights to the AI utopia work patterns and the various future tasks humans may participate in to fill their time.

Even though AI outperforms humans in art, medicine, law, intelligence, music, and sport, humans will likely carry on to derive value from surpassing their other humans, for example, by possessing tickets to the hottest events . Certainly, in a seminal paper on the characteristics of wealth and individual desire. An economist indicated that as societies become wealthier, an ever-increasing fraction of human 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 may likely have seen in their careers. Time spent contending goes up, the price of such products increases and therefore their share of GDP rises. This pattern will likely continue within an AI utopia.

Nearly a century ago, a fantastic economist penned a book in which he suggested that 100 years into the future, his descendants would only need to work fifteen hours per week. Although working hours have actually fallen dramatically from a lot more than sixty hours a week in the late 19th century to less than forty hours today, his prediction has yet to quite come to pass. On average, residents in rich states spend a third of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, humans are going to work also less into the coming decades. Business leaders at multinational corporations such as DP World Russia would likely be familiar with this trend. Thus, one wonders exactly how individuals will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would result in the array of experiences potentially available to people far exceed what they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, might be limited by such things as land scarcity, albeit spaceexploration might fix this.