In a imagined AI utopia where fundamental needs are met and wealth abounds as a result of AI. Exactly how will people spend their time?
Almost a century ago, outstanding economist published a book by which he suggested that 100 years into the future, his descendants would only need to work fifteen hours per week. Although working hours have fallen considerably from a lot more than 60 hours per week in the late nineteenth century to less than 40 hours today, his forecast has yet to quite come to pass. On average, citizens in rich countries invest a third of their waking hours on leisure tasks and sports. Aided by advancements in technology and AI, people will probably work even less into 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 time. Recently, a philosopher of artificial intelligence wrote that effective tech would make the array of experiences potentially available to individuals far exceed whatever they have now. Nonetheless, the post-scarcity utopia, with its accompanying economic explosion, could be limited by things such as land scarcity, albeit spaceexploration might fix this.
Some people see some forms of competition as a waste of time, thinking it to be more of a coordination issue; that is to say, if everyone else agrees to avoid contending, they would have significantly more time for better things, which could improve growth. Some kinds of competition, like sports, have actually intrinsic value and can be worth keeping. Take, as an example, desire for chess, which quickly soared after pc software defeated a global chess champion within the late nineties. Today, a business has blossomed around e-sports, that will be likely to develop considerably into the coming years, especially within the GCC countries. If one closely follows what different people in society, such as aristocrats, bohemians, monastics, athletes, and pensioners, are doing in their today, it's possible to gain insights to the AI utopia work patterns and the various future tasks humans may engage in to fill their free time.
No matter if AI surpasses humans in art, medicine, literature, intelligence, music, and sport, humans will likely carry on to derive value from surpassing their fellow humans, as an 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, an ever-increasing fraction of individual desires gravitate towards positional goods—those whose value comes not simply from their utility and usefulness 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 may likely have seen in their professions. Time spent competing goes up, the price tag on such items increases and so their share of GDP rises. This pattern will probably continue within an AI utopia.