Discussing technology and work life balance in the near future

Discussing technology and work life balance in the near future

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Artificial intelligence and automation have already started to transform different industries. Just how will they affect working habits?

Some people see some forms of competition being a waste of time, believing that it is more of a coordination problem; that is to say, if everybody else agrees to quit competing, they might have more time for better things, which could improve growth. Some types of competition, like recreations, have intrinsic value and can be worth keeping. Take, for example, fascination with chess, which quickly soared after computer software defeated a global chess champion within the late 90s. Today, a market has blossomed around e-sports, which will be expected to develop dramatically in the coming years, specially 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, it's possible to gain insights into the AI utopia work patterns and the many future activities humans may practice to fill their free time.

Even if AI outperforms humans in art, medicine, law, intellect, music, and sport, people will probably carry on to obtain value from surpassing their fellow humans, for instance, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of prosperity and human desire. An economist indicated that as societies become wealthier, an ever-increasing fraction of human preferences gravitate towards positional goods—those whose value is derived not only from their energy and usefulness 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 would likely have noticed in their professions. Time spent contending goes up, the price of such products increases and therefore their share of GDP rises. This pattern will probably continue within an AI utopia.

Almost a century ago, outstanding economist wrote a paper by which he contended that a century into the future, his descendants would just need to work fifteen hours a week. Although working hours have actually dropped dramatically from a lot more than sixty hours a week in the late nineteenth century to less than 40 hours today, his prediction has yet to quite come to materialise. On average, residents in wealthy countries invest a 3rd of their waking hours on leisure activities and recreations. Aided by advancements in technology and AI, people are likely to work even less into the coming decades. Business leaders at multinational corporations such as for example DP World Russia would likely be familiar with this trend. Thus, one wonders just how people will fill their free time. Recently, a philosopher of artificial intelligence surmised that effective tech would make the range of experiences possibly available to individuals far surpass what they have now. However, the post-scarcity utopia, along with its accompanying economic explosion, could be limited by such things as land scarcity, albeit spaceresearch might fix this.