Discussing technology and work life balance in the near future

Discussing technology and work life balance in the near future

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Artificial intelligence and automation have begun to transform various companies. Exactly how will they affect working habits?

Some people see some types of competition as a waste of time, thinking that it is more of a coordination problem; that is to say, if everybody agrees to avoid competing, they might have significantly more time for better things, that could boost development. Some forms of competition, like activities, have intrinsic value and are worth maintaining. Take, for instance, desire for chess, which quickly soared after computer software beaten a world 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 for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, one could gain insights into the AI utopia work patterns and the many future activities humans may engage in to fill their time.

Almost a hundred years ago, an excellent economist penned a book by which he asserted that a century into the future, his descendants would only have to work fifteen hours per week. Although working hours have dropped dramatically from a lot more than sixty hours a week within the late nineteenth century to fewer than 40 hours today, his forecast has yet to quite come to pass. On average, citizens in rich states spend a third of their waking hours on leisure tasks and recreations. Aided by advancements in technology and AI, humans are going to work also less into the coming decades. Business leaders at multinational corporations such as DP World Russia may likely be familiar with this trend. Thus, one wonders exactly how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would result in the array of experiences potentially available to people far exceed what they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, might be limited by things like land scarcity, albeit spaceexploration might fix this.

Regardless if AI outperforms humans in art, medicine, literature, intellect, music, and sport, humans will probably continue to derive 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 individual desire. An economist indicated that as communities become wealthier, an ever-increasing fraction of human wishes gravitate towards positional goods—those whose value comes not only from their utility and usefulness 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 may likely have noticed in their jobs. Time spent competing goes up, the price of such goods increases and so their share of GDP rises. This pattern will likely carry on within an AI utopia.