What will be the impact of AI on work habits

What will be the impact of AI on work habits

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In a imagined AI utopia where fundamental needs are met and wealth abounds thanks to AI. Exactly how will people spend their time?

Even when AI surpasses humans in art, medicine, law, intelligence, music, and sport, people will likely continue to obtain value from surpassing their fellow humans, for instance, by having tickets to the hottest events . Indeed, in a seminal paper on the dynamics of wealth and peoples desire. An economist indicated that as communities become wealthier, an escalating fraction of individual cravings gravitate towards positional goods—those whose value comes from not only from their utility and usefulness 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 would probably have seen in their careers. Time spent contending goes up, the price of such items increases and therefore their share of GDP rises. This pattern will probably carry on within an AI utopia.

Almost a hundred years ago, outstanding economist published a book by which he suggested that 100 years into the future, his descendants would only need to work fifteen hours per week. Although working hours have dropped significantly from more than sixty hours a week within the late 19th century to less than 40 hours today, his forecast has yet to quite come to pass. On average, residents in rich countries invest a third of their consciousness hours on leisure activities and recreations. Aided by advancements in technology and AI, humans will likely work even less into the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would likely be familiar with this trend. Thus, one wonders just how individuals will fill their spare time. Recently, a philosopher of artificial intelligence surmised that effective tech would result in the range of experiences potentially available to individuals far exceed what they have. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, might be inhabited by things such as land scarcity, albeit spaceexploration might fix this.

Some individuals see some types of competition being a waste of time, thinking that it is more of a coordination problem; that is to say, if everyone agrees to avoid contending, they might have more time for better things, which could boost development. Some forms of competition, like sports, have intrinsic value and are worth maintaining. Take, as an example, interest in chess, which quickly soared after computer software defeated a world chess champ within the late 90s. Today, an industry has blossomed around e-sports, which will be anticipated to develop considerably within the coming years, particularly within the GCC countries. If one closely follows what various people in society, such as for instance aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing inside their today, one could gain insights to the AI utopia work patterns and the many future tasks humans may practice to fill their time.