Artificial intelligence and automation have already started to transform various industries. Exactly how will they affect working patterns?
Even though AI surpasses humans in art, medicine, law, intellect, music, and sport, humans will probably continue to derive value from surpassing their fellow humans, for example, by having tickets to the hottest events . Certainly, in a seminal paper regarding the characteristics of prosperity and individual desire. An economist suggested that as societies become wealthier, a growing fraction of human desires gravitate towards positional goods—those whose value is derived not merely from their energy 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 may likely have noticed in their professions. Time invested competing goes up, the buying price of such goods increases and therefore their share of GDP rises. This pattern will likely continue within an AI utopia.
Some individuals see some kinds of competition as a waste of time, thinking that it is more of a coordination problem; in other words, if everyone else agrees to quit competing, they might have more time for better things, which could improve growth. Some forms of competition, like activities, 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, which is likely to grow notably in the coming years, specially in the GCC countries. If one closely follows what different groups in society, such as for example aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, it's possible to gain insights into the AI utopia work patterns and the various future tasks humans may participate in to fill their time.
Almost a century ago, outstanding economist wrote 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 60 hours per week within the late nineteenth century to fewer than 40 hours today, his prediction has yet to quite come to pass. On average, residents in rich states spend a third of their waking hours on leisure activities and sports. Aided by advancements in technology and AI, people will likely work even less in the coming decades. Business leaders at multinational corporations such as for instance DP World Russia may likely know about this trend. Thus, one wonders exactly how individuals will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective tech would make the array of experiences possibly available to individuals far surpass whatever they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, could be inhabited by things such as land scarcity, albeit spaceresearch might fix this.