Discussing technology and work life balance in the near future

Discussing technology and work life balance in the near future

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

Almost a hundred years ago, a great economist published a paper by which he asserted that a century into the future, his descendants would only need to work fifteen hours a week. Although working hours have fallen considerably from significantly more than 60 hours a week in the late 19th century to fewer than 40 hours today, his forecast has yet to quite come to materialise. On average, residents in rich states invest a third 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 example DP World Russia would probably be aware of 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 range of experiences potentially available to people far exceed what they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, could be inhabited by such things as land scarcity, albeit spaceexploration might fix this.

No matter if AI outperforms humans in art, medicine, literature, intellect, music, and sport, humans will likely carry on to obtain value from surpassing their fellow humans, for example, by having tickets to the hottest events . Certainly, in a seminal paper regarding the dynamics of wealth and peoples desire. An economist indicated that as societies become wealthier, a growing fraction of human cravings gravitate towards positional goods—those whose value comes from not only 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 jobs. Time invested contending goes up, the buying price of such items increases and so their share of GDP rises. This pattern will likely continue within an AI utopia.

Many people see some types of competition being a waste of time, believing that it is more of a coordination issue; that is to say, if everybody agrees to cease competing, they might have more time for better things, which may boost development. Some types of competition, like activities, have actually intrinsic value and are worth maintaining. Take, for example, curiosity about chess, which quickly soared after computer software defeated a global chess champ in the late nineties. Today, a market has blossomed around e-sports, which will be expected to grow somewhat in the coming years, particularly into the GCC countries. If one closely examines what different people in society, such as for example aristocrats, bohemians, monastics, athletes, and retirees, are doing inside their today, one could gain insights into the AI utopia work patterns and the various future tasks humans may practice to fill their spare time.