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 seems really plausible, but will this improve our work-life balance?

Nearly a century ago, an excellent economist penned a paper in which he argued that a century into the future, his descendants would only need to work fifteen hours per week. Although working hours have actually fallen considerably from a lot more than 60 hours per week in the late nineteenth century to fewer than forty hours today, his prediction has yet to quite come to pass. On average, residents in wealthy states spend a 3rd of their waking hours on leisure tasks and sports. Aided by advancements in technology and AI, people will probably work even less within the coming decades. Business leaders at multinational corporations such as DP World Russia would probably be familiar with this trend. Thus, one wonders just how individuals will fill their spare time. Recently, a philosopher of artificial intelligence surmised that powerful technology would make the array of experiences potentially available to individuals far surpass what they have. However, the post-scarcity utopia, along with its accompanying economic explosion, might be inhabited by things like land scarcity, albeit spaceresearch might fix this.

Some people see some kinds of competition as a waste of time, believing that it is more of a coordination problem; in other words, if everyone agrees to quit competing, they would have significantly more time for better things, which could improve development. Some kinds of competition, like recreations, have intrinsic value and are worth maintaining. Take, for 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, that is likely to develop considerably within the coming years, specially in the GCC countries. If one closely examines what various people in society, such as aristocrats, bohemians, monastics, athletes, and pensioners, are doing within their today, one can gain insights into the AI utopia work patterns and the many future tasks humans may engage in to fill their spare time.

Regardless if AI outperforms humans in art, medicine, law, intellect, music, and sport, humans will probably carry on to acquire value from surpassing their other humans, for example, by having tickets to the hottest events . Indeed, in a seminal paper on the characteristics of prosperity and peoples desire. An economist indicated that as communities become wealthier, an increasing fraction of human wishes gravitate towards positional goods—those whose value comes not simply from their energy 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 likely have noticed in their careers. Time spent competing goes up, the buying price of such products increases and so their share of GDP rises. This pattern will probably continue in an AI utopia.