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 seems very plausible, but will this enhance our work-life balance?

Even when AI outperforms humans in art, medicine, law, intelligence, music, and sport, humans will likely continue to acquire value from surpassing their fellow humans, for example, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of prosperity and human desire. An economist indicated that as societies become wealthier, an ever-increasing fraction of human cravings gravitate towards positional goods—those whose value comes 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 probably have noticed in their professions. Time spent contending goes up, the price of such products increases and so their share of GDP rises. This pattern will likely continue in an AI utopia.

Nearly a century ago, a good economist wrote a paper by which he asserted that a century into the future, his descendants would only need to work fifteen hours per week. Although working hours have actually fallen significantly from significantly more than 60 hours per week within the late 19th century to fewer than forty hours today, his prediction has yet to quite come to pass. On average, residents in rich countries spend a 3rd of their consciousness hours on leisure activities and sports. 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 familiar with this trend. Thus, one wonders just how people will fill their free time. Recently, a philosopher of artificial intelligence surmised that effective tech would make the array of experiences potentially available to people far exceed whatever they have. Nevertheless, the post-scarcity utopia, with its accompanying economic explosion, may be inhabited by things such as land scarcity, albeit spaceexploration might fix this.

Some people see some kinds of competition being a waste of time, thinking that it is more of a coordination problem; that is to say, if every person agrees to cease contending, they might have more time for better things, which could boost growth. Some kinds of competition, like recreations, have actually intrinsic value and can be worth maintaining. Take, for example, desire for chess, which quickly soared after computer software defeated a world chess champion in the late 90s. Today, a business has blossomed around e-sports, which will be anticipated to develop significantly in the coming years, especially in the GCC countries. If one closely examines what different groups in society, such as aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing inside their today, it's possible to gain insights to the AI utopia work patterns and the many future tasks humans may take part in to fill their free time.