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

Some people see some forms of competition being a waste of time, believing that it is more of a coordination problem; that is to say, if everybody 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, for example, curiosity about chess, which quickly soared after computer software beaten a world chess champ in the late 90s. Today, a business has blossomed around e-sports, that is anticipated to grow significantly within the coming years, especially into the GCC countries. If one closely examines what various groups in society, such as for example aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, one can gain insights to the AI utopia work patterns and the many future activities humans may engage in to fill their free time.

Even when AI outperforms humans in art, medicine, law, intelligence, music, and sport, humans will likely carry on to obtain value from surpassing their other humans, for example, by possessing tickets to the hottest events . Indeed, in a seminal paper regarding the dynamics of prosperity and peoples desire. An economist suggested that as communities become wealthier, a growing fraction of individual desires gravitate towards positional goods—those whose value comes not merely 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 may likely have seen in their jobs. Time invested competing goes up, the buying price of such items increases and so their share of GDP rises. This pattern will likely carry on in an AI utopia.

Nearly a hundred years ago, an excellent economist published a paper in which he suggested that a century into the future, his descendants would only have to work fifteen hours per week. Although working hours have actually fallen significantly from significantly more than 60 hours a week within the late nineteenth century to fewer than 40 hours today, his forecast has yet to quite come to materialise. On average, citizens in wealthy states invest a third of their waking hours on leisure tasks and recreations. Aided by advancements in technology and AI, humans will probably work also less in the coming decades. Business leaders at multinational corporations such as DP World Russia may likely know about this trend. Hence, one wonders just how people will fill their time. Recently, a philosopher of artificial intelligence surmised that powerful tech would make the array of experiences possibly available to individuals far exceed what they have. Nonetheless, the post-scarcity utopia, along with its accompanying economic explosion, might be limited by such things as land scarcity, albeit spaceresearch might fix this.