Discussing technology and work life balance in the future

Discussing technology and work life balance in the future

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

Almost a hundred years ago, a great economist penned a paper by which he suggested that a century into the future, his descendants would only have to work fifteen hours per week. Although working hours have fallen considerably from significantly more than sixty hours a week in 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 spend a third of their consciousness hours on leisure tasks and sports. Aided by advancements in technology and AI, people will likely work also less in the coming decades. Business leaders at multinational corporations such as DP World Russia would probably be familiar with this trend. Hence, one wonders exactly how people will fill their spare time. Recently, a philosopher of artificial intelligence surmised that powerful technology would result in the range of experiences potentially available to individuals far exceed whatever they have now. Nevertheless, the post-scarcity utopia, along with its accompanying economic explosion, might be inhabited by such things as land scarcity, albeit spaceexploration might fix this.

Even if AI outperforms humans in art, medicine, law, intelligence, music, and sport, humans will likely continue to derive 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 escalating fraction of human cravings gravitate towards positional goods—those whose value comes not simply from their utility and usefulness 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 careers. Time invested contending goes up, the buying price of such items increases and so their share of GDP rises. This pattern will probably carry on in an AI utopia.

Many people see some forms of competition as a waste of time, thinking that it is more of a coordination problem; in other words, if everyone agrees to quit contending, they would have more time for better things, which may improve growth. Some kinds of competition, like recreations, have intrinsic value and are worth maintaining. Take, as an example, desire for chess, which quickly soared after computer software beaten a world chess champion within the late nineties. Today, a market has blossomed around e-sports, which can be likely to develop significantly within the coming years, specially into the GCC countries. If one closely examines what different groups in society, such as for instance aristocrats, bohemians, monastics, sports athletes, and pensioners, are doing within their today, one can gain insights into the AI utopia work patterns and the various future tasks humans may practice to fill their time.