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 working hours seems really plausible, but will this enhance our work-life balance?

Even if AI surpasses humans in art, medicine, literature, intellect, music, and sport, people will likely continue to obtain value from surpassing their other humans, for example, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the characteristics of wealth and individual desire. An economist indicated that as societies become wealthier, an ever-increasing fraction of individual wishes gravitate towards positional goods—those whose value comes not simply from their utility and usefulness 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 seen in their careers. Time spent contending goes up, the cost of such goods increases and so their share of GDP rises. This pattern will probably carry on within an AI utopia.

Nearly a century ago, an excellent economist published a paper by which he argued that 100 years into the future, his descendants would just need to work fifteen hours per week. Although working hours have actually fallen dramatically from a lot more than 60 hours a week in the late nineteenth century to less than forty hours today, his forecast has yet to quite come to materialise. On average, residents in rich states invest a 3rd of their consciousness hours on leisure tasks and recreations. Aided by advancements in technology and AI, people will likely work also less into 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 spare time. Recently, a philosopher of artificial intelligence surmised that effective technology would result in the array of experiences potentially available to people far surpass whatever they have now. However, the post-scarcity utopia, with its accompanying economic explosion, might be limited by things like land scarcity, albeit spaceexploration might fix this.

Some individuals see some forms of competition as being a waste of time, thinking it to be more of a coordination problem; that is to say, if everybody agrees to stop contending, they might have significantly more time for better things, that could boost growth. Some forms of competition, like recreations, have intrinsic value and are worth maintaining. Take, as an 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 will be likely to develop dramatically in the coming years, specially within the GCC countries. If one closely examines what various people in society, such as aristocrats, bohemians, monastics, sports athletes, and retirees, are doing in their today, one could gain insights to the AI utopia work patterns and the various future tasks humans may participate in to fill their spare time.