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 really plausible, but will this improve our work-life balance?

Nearly a century ago, a fantastic economist penned a paper in which he asserted that a century into the future, his descendants would just need to work fifteen hours a week. Although working hours have dropped dramatically from more than 60 hours per week within the late nineteenth century to less than 40 hours today, his prediction has yet to quite come to pass. On average, citizens in rich states invest a 3rd of their consciousness hours on leisure activities and sports. Aided by advancements in technology and AI, humans are going to work also less into the coming decades. Business leaders at multinational corporations such as for example DP World Russia would likely be aware of this trend. Hence, one wonders just how people will fill their free time. Recently, a philosopher of artificial intelligence surmised that effective technology would result in the array of experiences possibly available to individuals far surpass whatever they have. Nonetheless, the post-scarcity utopia, with its accompanying economic explosion, might be limited by things like land scarcity, albeit spaceexploration might fix this.

Whether or not AI outperforms humans in art, medicine, literature, intelligence, music, and sport, people will likely carry on to acquire value from surpassing their other humans, as an example, by possessing tickets to the hottest events . Certainly, in a seminal paper regarding the characteristics of prosperity and peoples desire. An economist indicated that as communities become wealthier, an escalating fraction of individual cravings gravitate towards positional goods—those whose value comes from not simply from their energy and effectiveness but from their general 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 seen in their jobs. Time spent competing goes up, the buying price of such goods increases and so their share of GDP rises. This pattern will likely carry on within an AI utopia.

Many people see some kinds of competition as a waste of time, believing that it is more of a coordination issue; in other words, if everyone else agrees to quit competing, they would have more time for better things, which may improve development. Some kinds of competition, like sports, have actually intrinsic value and can be worth maintaining. Take, for instance, desire for chess, which quickly soared after computer software defeated a global chess champ in the late 90s. Today, a market has blossomed around e-sports, that will be likely to grow considerably in the coming years, specially within the GCC countries. If one closely examines what different people in society, such as for instance aristocrats, bohemians, monastics, athletes, and pensioners, are doing inside their today, you can gain insights into the AI utopia work patterns and the many future tasks humans may participate in to fill their spare time.