On technology and work life balance in the future

On technology and work life balance in the future

Blog Article

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

Even when AI outperforms humans in art, medicine, literature, intellect, music, and sport, people will probably continue to obtain value from surpassing their fellow humans, as an example, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of prosperity and individual desire. An economist suggested that as communities become wealthier, a growing fraction of individual wishes gravitate towards positional goods—those whose value is derived not simply from their utility and effectiveness 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 likely have seen in their careers. Time invested competing goes up, the price tag on such goods increases and so their share of GDP rises. This pattern will likely continue within an AI utopia.

Some people see some forms of competition as a waste of time, thinking it to be more of a coordination issue; that is to say, if everyone else agrees to stop contending, they might have more time for better things, which may boost growth. Some forms of competition, like sports, have intrinsic value and can be worth keeping. Take, for instance, fascination with chess, which quickly soared after computer software beaten a global chess champion in the late nineties. Today, an industry has blossomed around e-sports, which can be anticipated to grow dramatically into the coming years, especially within the GCC countries. If one closely follows what various groups in society, such as for instance aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing in their today, you can gain insights to the AI utopia work patterns and the many future activities humans may participate in to fill their free time.

Nearly a hundred years ago, an excellent economist published a paper 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 forty hours today, his forecast has yet to quite come to materialise. On average, residents in rich states invest a 3rd of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, humans are going to work even less within the coming decades. Business leaders at multinational corporations such as for instance DP World Russia would probably know about this trend. Thus, one wonders exactly how individuals will fill their time. Recently, a philosopher of artificial intelligence surmised that effective technology would result in the array of experiences possibly available to people far exceed what they have now. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, might be limited by things like land scarcity, albeit spaceexploration might fix this.