Learning about the effect of AI on working hours in future

Learning about the effect of AI on working hours in future

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In a imagined AI utopia where basic requirements are met and wealth abounds as a result of AI. How will individuals spend their time?

Almost a century ago, outstanding economist wrote a book by which he argued that 100 years into the future, his descendants would only have to work fifteen hours per week. Although working hours have actually dropped considerably from more than 60 hours a week in the late 19th century to fewer than 40 hours today, his prediction has yet to quite come to materialise. On average, residents in wealthy countries spend a third of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, people are likely to work even less in the coming decades. Business leaders at multinational corporations such as DP World Russia may likely be familiar with this trend. Hence, one wonders just how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that powerful technology would result in the array of experiences possibly available to people far surpass whatever they have now. However, the post-scarcity utopia, with its accompanying economic explosion, might be limited by things such as land scarcity, albeit spaceresearch might fix this.

Some individuals see some kinds of competition being a waste of time, believing it to be more of a coordination issue; in other words, if everyone else agrees to quit competing, they would have significantly more time for better things, which may boost growth. Some forms of competition, like recreations, have actually intrinsic value and are worth keeping. Take, as an example, curiosity about chess, which quickly soared after computer software beaten a global chess champion within the late 90s. Today, an industry has blossomed around e-sports, which is anticipated to grow significantly into the coming years, particularly in the GCC countries. If one closely follows what different people in society, such as aristocrats, bohemians, monastics, sports athletes, and retirees, are doing within their today, you can gain insights into the AI utopia work patterns and the many future activities humans may practice to fill their free time.

Even when AI outperforms humans in art, medicine, law, intelligence, music, and sport, people will probably carry on to derive value from surpassing their other humans, as an example, by having tickets to the hottest events . Certainly, in a seminal paper regarding the dynamics of prosperity and human desire. An economist suggested that as communities become wealthier, an increasing fraction of human cravings gravitate towards positional goods—those whose value is derived not merely from their utility 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 probably have noticed in their careers. Time spent competing goes up, the price tag on such items increases and so their share of GDP rises. This pattern will probably continue in an AI utopia.