Exactly what will be the impact of AI on work patterns

Exactly what will be the impact of AI on work patterns

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The potential of AI and automation cutting working hours seems really plausible, but will this enhance our work-life balance?

Some people see some forms of competition as a waste of time, thinking that it is more of a coordination problem; in other words, if every person agrees to stop contending, they would have significantly more time for better things, that could improve development. Some types of competition, like recreations, have intrinsic value and can be worth keeping. Take, as an example, curiosity about chess, which quickly soared after computer software beaten a world chess champ in the late nineties. Today, an industry has blossomed around e-sports, that will be likely to develop dramatically in 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 inside their today, one can gain insights to the AI utopia work patterns and the many future activities humans may practice to fill their free time.

Even if AI surpasses humans in art, medicine, literature, intellect, music, and sport, people will probably carry on to acquire value from surpassing their fellow 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 indicated that as communities become wealthier, a growing fraction of individual desires gravitate towards positional goods—those whose value comes not simply from their utility and effectiveness but from their relative 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 seen in their professions. Time spent competing goes up, the cost of such goods increases and so their share of GDP rises. This pattern will likely carry on in an AI utopia.

Almost a hundred years ago, a great economist published 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 dropped considerably from more than sixty hours per week within the late 19th century to fewer than forty hours today, his forecast has yet to quite come to pass. On average, citizens in rich states invest a third of their waking hours on leisure tasks and recreations. Aided by advancements in technology and AI, people are likely to work even less within the coming decades. Business leaders at multinational corporations such as for example DP World Russia would likely be aware of this trend. Hence, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence wrote that powerful tech would make the array of experiences possibly available to individuals far surpass what they have now. However, the post-scarcity utopia, with its accompanying economic explosion, may be inhabited by things such as land scarcity, albeit spaceexploration might fix this.