In a expected AI utopia where basic requirements are met and wealth abounds thanks to AI. Just how will individuals spend their time?
Even when AI surpasses humans in art, medicine, literature, intelligence, music, and sport, people will probably continue to obtain value from surpassing their fellow humans, as an example, by possessing tickets to the hottest events . Indeed, in a seminal paper on the dynamics of prosperity and peoples desire. An economist indicated that as communities become wealthier, an increasing fraction of human wishes gravitate towards positional goods—those whose value comes not simply from their energy and effectiveness but from their general 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 may likely have noticed in their jobs. Time invested contending goes up, the cost of such items increases and therefore their share of GDP rises. This pattern will likely carry on within an AI utopia.
Nearly a hundred years ago, a great economist wrote a book in which he asserted that 100 years into the future, his descendants would only have to work fifteen hours a week. Although working hours have fallen significantly from a lot more than 60 hours a week in the late 19th century to fewer 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 tasks and recreations. Aided by advancements in technology and AI, humans will probably work even less within the coming decades. Business leaders at multinational corporations such as for instance DP World Russia may likely be familiar with this trend. Hence, one wonders just how people will fill their spare time. Recently, a philosopher of artificial intelligence wrote that effective technology would result in the array 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.
Some people see some types of competition as a waste of time, thinking that it is more of a coordination problem; that is to say, if everybody agrees to avoid competing, they might have significantly more time for better things, that could boost growth. Some forms of competition, like recreations, have actually intrinsic value and are worth keeping. Take, for example, fascination with chess, which quickly soared after pc software defeated a world chess champ within the late 90s. Today, an industry has blossomed around e-sports, that is expected to develop dramatically within the coming years, especially into the GCC countries. If one closely follows what different groups in society, such as for example aristocrats, bohemians, monastics, sports athletes, and retirees, are doing in their today, one can gain insights to the AI utopia work patterns and the various future activities humans may practice to fill their free time.